FoodTec Solutions to Launch End-to-End Encryption Solution to Protect Consumers' Credit Card Transactions
(PR Web Via Acquire Media NewsEdge) Needham, MA (PRWEB) February 28, 2014
FoodTec Solutions announced today that it will offer end-to-end encrypted credit card processing. The first release of this product, supporting major credit-card processors, is scheduled to launch in early spring 2014. This timely offering provides the maximum level of credit card security to restaurants and their patrons.
With the recent increase in data breaches on retail point-of-sale (POS) systems, millions of consumer names, addresses, and full credit and debit card numbers have been compromised. Cyber-criminals have intensified their assaults on POS systems through the use of physical devices and malware. “At FoodTec, our goal is to eliminate the risk of credit card theft,” says John Ampe, Chief Technical Officer at FoodTec Solutions.
End-to-end encryption uses specialized credit card swipes to encrypt the credit card at the point of swipe. This encrypted credit card can only be decrypted by the processor, rendering it worthless to any attacker. With end-to-end encryption there is no longer any need to store credit cards in the POS database, so there is nothing in the POS for hackers to steal. Removing credit card storage from the POS also significantly decreases the PCI-DSS responsibilities of the merchant, giving them a much easier path to compliance.
“By moving to an end-to-end encryption solution, FoodTec ensures the highest level of data security to our current and future customers,” says Andrew Bounas, President. “It affirms our ongoing commitment to our customers' needs and clearly demonstrates that FoodTec is on the cutting-edge within the POS industry.
With the implementation of this new end-to-end encryption technology, FoodTec Solutions continues to enhance its software and services. To learn more about FoodTec Solutions and our suite of offerings, visit us at http://www.foodtecsolutions.com, or call us directly at 800-350-3339.
About FoodTec Solutions, Inc.
FoodTec Solutions Inc., founded in 1996, develops integrated restaurant technology for all aspects of restaurant operations including POS, on-line ordering, labor scheduling, and inventory, loss prevention, above store reporting, marketing, loyalty and gift card solutions. The company develops hospitality software and provides hardware, installation, implementation, training, integration, consulting and a full-range of technical support services throughout the United States.
Read the full story at http://www.prweb.com/releases/2014/03/prweb11629766.htm
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