To make the payments is one of the main priorities of any Bank or company. International payment systems actively introducing innovative technology to protect P2PE, because in the field of cashless payments appear all new and new fraud schemes.
The head of FC “Leogang Drink” Alena Shevtsova talked about the new data encryption technologies to protect payment terminals and explained what the advantage of using P2PE.
Technology Point-to-Point Encryption (P2PE) encrypts information of the terminal and its further transmission over the network securely.
As a P2PE service provider may be the Bank or processing company that offers its services to the Bank. The head of FC “Leogang Drink” Alena Shevtsova assured that the ISP is responsible for this decision, which it subsequently provides to its merchants.
What is the advantage of using a PCI P2PE?
Alena Shevtsova identifies several key points:
• Reduction of the scope of PCI DSS validation.
• Increase the level of security when making non-cash payments.
Analysts say that now more than 200 international payment systems integrated a new encryption standard P2PE, thus confirming the global trend to ensure the security of personal data.
Ms. Shevtsova emphasizes that we should not forget about the financial component of this issue, because the equipment to ensure secure transmission of data is not cheap – about $ 100 thousand!
If to take into account the official data, today more than 200 payment systems around the world are certified according to the requirements of the new standard, which is considered the standard among encryption technologies.
Speaking about Ukraine, Alyona Shevtsova said that Russian companies working in sphere of reception of payments, will have to make the effort to meet the requirements of the international payment market.