When it comes to securing customer data, there is clearly strength in numbers. Layer upon securely connected layer, we’re increasing the complexity of data protection technology. What we are discovering along the way, is the extraordinary innovation made possible when we collaborate on Internet of Things (IoT). Yes, we are creating more secure connections, but we’re also scaling out a robust architecture that improves retail customer experiences.
At Money 2020, the largest conference focused on financial technology and commerce, Ingenico Group announced a new milestone with their implementation of Intel Data Protection Technology for Transactions on mobile POS systems. This is another great example of innovation made possible through Intel IoT ecosystem collaborations.
“Ingenico Group and Intel both recognize the transaction protections in place today focus on consumers’ credit card information,” said Joe Jensen, vice president of Intel’s Retail Solutions Division. “This focus has caused a shift in the malware community efforts toward seizing personally identifiable information. Intel Data Protection Technology for Transactions is unique in protecting all the information running through transaction networks, highlighting the best of what Intel technology can do to secure the evolving retail customer experience.”
Using hardware authentication and end-to end encryption, Intel Data Protection Technology for Transactions is designed to secure credit, debit, and personal data from the moment a transaction is initiated. It creates a transaction path that directly routes data from the payment terminal to the bank’s servers, encrypting sensitive personal information that bypasses the POS platform, its system memory, and the POS operating system.
“Our pledge is to secure the retail environment and facilitate payment management. Through our joint efforts, Intel and Ingenico Group now can provide end-to-end protection,” said Michel Léger, executive vice president, Innovation, Ingenico Group. “This solution offers retailers a powerful combination of authentication technology and scalable architecture to maximize payment security, and we are looking forward to continuing our fruitful collaboration with Intel with a view to develop a strong ecosystem for innovation in the world of connected devices.”
Ingenico Group is among a growing number of innovators in the Intel IoT ecosystem who are determined to defend the security of customers’ financial and consumer data—from the moment a transaction is initiated. By teaming up, we’re able to deliver a stronger and more secure connection between the cash register and the financial data center. We’re in it for the long haul and look forward to continuing the journey toward a more secure and connected future, together.