Payment News

Hypercom Corporation, a leader when it comes to highly secured electronic payment products, and software solutions, today announced that HyperSafe® Secure EFTSec Server™ 2.0 payment data encryption system for Optimum T4200 (countertop machine) and M4200 (mobile terminal) is available right now for processors and ISO in the United States that are utilizing Tier 4 payment platform. EFTSec 2.0 is a highly secured data encryption solutions from Hypercom that encrypts credit card information during the transaction process from the terminal to the end where the data is stored and decrypted.

The EFTSec 2.0 platform utilizes Hypercom’s new and proven technology which, in Asia, is the country’s standard for terminal encryption. EFTSec is used by some of the largest financial institutions that have a combined asset of more than $175 billion.  According to recent studies, there are estimates that more than 3.5 million credit card payments are protected monthly in countries where banks and other financial institutions have utilized EFTSec as the standard.

For retailers, gateways, and processors using Hypercom’s EFTSec 2.0 technology on point-of-sales terminals, there are no per transaction fee associated with card present transactions.

Source: company press release