Vivotech Adding Encryption To Contactless Transactions
Vivotech Inc., a Santa Clara, Calif.-based contactless technology company, is adding encryption services from Voltage Security Inc. to transactions made with Vivotech’s Vivopay products.
The additional layer of security will not significantly affect contactless transactions’ speed, Mohammad Khan, Vivotech president and founder, tells ISO&Agent Weekly.
In a contactless transaction the Voltage technology will treat sensitive cardholder data the same as for a magnetic stripe transaction, Khan says.
Track 1 and track 2 data changes each time a contactless card is used, which prevents the data from being used again, he says.
Vivotech also uses encryption technology from Semtek, a San Diego-based payment security company. Voltage is based in Palo Alto, Calif.
Khan says Vivotech’s encryption services are available for all types of transactions. Vivotech expects to launch the Voltage and Semtek services in the fourth quarter. Khan would not disclose pricing for the services.
Colombian Processor Picks Ingenico Point-Of-Sale Devices
Redeban Multicolor, a Colombia-based payment processor of MasterCard Worldwide transactions, will use Ingenico S.A.’s iCT220 point-of-sale terminals for merchants in the Latin America nation.
France-based Ingenico says Redeban Multicolor recently ordered 9,000 of the terminals, bringing the total number of these terminals deployed in Latin America to 200,000.
Redeban Multicolor is an acquirer for more than 120,000 Colombian merchants, Ingenico says.
Costa Rica Bank To Deploy More Than 13,000 Hypercom Terminals
Banco Nacional de Costa Rica will deploy more than 13,000 Hypercom Optimum countertop and mobile point-of-sale terminals in a four-year program, Hypercom Corp. says.
Evertec Latin America, a Hypercom distributor, will oversee the installation of the terminals, which include the T4210, T4220, M4230, M4240 and M4100 Blade. Hypercom says the deal is worth “multi-millions.”