According to the company, the new product suite will help companies protect data at every point in the transaction and also will also ease the burden of PCI compliance audits, claims the company.
Utilizing VeriFone’s hardware-based tamper-resistant security module, SAFE-T Suite supports point-to-point encryption (P2PE) and protects data from the earliest point in the transaction lifecycle.
Elavon said actual cardholder data never enters the payment stream, substantially mitigating the complexities of PCI compliance while meeting stringent security standards.
The encrypted data travels across the networks to Elavon’s data center where it is decrypted and sent to the card networks for authorization.
According to the company, merchants will also have the flexibility to utilize Fusebox, Elavon’s hosted payment gateway that features multi-point connectivity to an extensive list of Fusebox-certified processors.
SAFE-T Suite also supports tokenization, which creates a unique Token ID that replaces cardholder data on the response transaction.
