PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Elavon Announces Encryption and Tokenization Support

By Mercator Advisory Group
June 23, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Fintechs in Brazil: More Than Just Credit Cards, It Is the Super-App, PIX recurring payments

Fintechs in Brazil: More Than Just Credit Cards, It Is the Super-App

Processor Elavon has announced its support for encryption and tokenization capabilities. For encryption, the global processor is working with VeriFone’s VeriShield Protect hardware-based encryption scheme. As soon as the magstripe is swiped, the VeriFone terminal’s security device encrypts, in hardware, the card number. The card number is never in the clear. The Elavon system, called SAFE-T Suite, returns a token to the merchant to track the transaction.

Both technologies improve a merchant’s PCI DSS posture and, once legacy data is either removed or similarly handled, will substantially reduce the presence of cardholder data on a merchant’s enterprise systems. And that’s the whole point.

The encrypted data travels across the networks to Elavon’s secure data center where it is decrypted and sent to the card networks for authorization. Merchants also have the flexibility to utilize Fusebox, Elavon’s secure, hosted payment gateway that features multi-point connectivity to an extensive list of Fusebox-certified processors, thereby providing a consistent method for P2PE regardless of acquiring endpoints.

SAFE-T Suite also supports tokenization, which creates a unique Token ID that replaces cardholder data on the response transaction, protecting data at rest and allowing subsequent transactions and adjustments to be securely processed whenever the card number associated with the transaction needs to be used again. Elavon hosts and maintains the token vault in its secure data center, which removes a point of vulnerability for enterprise customers.

Click here to read more.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Merchant Acquiring

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result