TMCnet News
United States : ONLINE data protection solution for retail launched by Intel [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Intel Corporation, America s top semiconductor chips manufacturing company, has introduced Intel Data Protection Technology for Transactions solution for end-to-end encryption of consumer and financial data for online retailers. The Intel Data Protection Technology for Transactions solution, developed in cooperation with NCR, a leader in consumer transaction technologies, merges software optimized for retailers with Intel hardware, to deliver a higher level of security from the begining of a transaction until transaction data is stored on a bank server. The solution adds an additional layer of software to look after the payment process, complementing present retail investments in EMV (Europay, MasterCard, and Visa) credit card authorization, tokenization, and other data protection technologies. The software resides and runs on the Intel chipset for improved security and helps close the gaps between data transmitted between Point of Sale (POS) devices and the data center. The solution assists speed the deployment of data in retail environments and reduces the number of data breaches that cast doubt on retailers ability to protect consumer data and sustain consumer confidence in sharing data. It assists to decrease risks by establishing a secure pipeline through which transactions can request payment authorization and provides a common security management capability for retailers. The new Intel technology builds flexibility into data protection, assisting merchants shift resources used to deal with security issues, to improving the customer satisfaction and purchasing experience. Michelle Tinsley, the director of Mobility Retail and Payments, Intel said, This solution introduces a significant improvement in today s retail transaction data protection without costly hardware upgrades, and provides retailers a path for adopting new technologies. Chris Lybeer, the vice president of strategic development at NCR said, Consumers and retailers need solutions that help narrow the risk of information making its way into the wrong hands. He added, NCR and Intel recognized the need to add a new level of security into transactional systems. With Intel Data Protection Technology for Transactions, in conjunction with NCR DataGuard, all important data from consumer information to payments to confidential business information are shielded from possible misuse . (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |