Gemalto has announced the launch of the industry’s first payment hardware security module (HSM) to include partitioning as an advanced security feature. This new capability allows financial services organizations to simplify cryptographic operations by using a single HSM to support dozens of security applications and protect sensitive payment information and transactions.
The new partitioning capability of Gemalto’s SafeNet Luna EFT Payment HSM solves the challenge of adding more HSMs to protect the growing number of digital services, with a single HSM platform that can be separated into multiple virtual HSMs to provide the scalability. Partitioning offers financial organizations a tremendous amount of flexibility to move keys in and out of the cloud environment, maintain control and ownership of their encryption keys and run more cloud-based payment applications under one HSM.
Gemalto’s SafeNet Luna EFT Payment HSM helps banks:
• Reduce PCI-DSS compliance scope by using end-to-end encryption of payment data, stored online, captured at the point-of-sale, or traveling to and from the financial institution’s backend.
• Manage large volumes of cryptographic security functions simultaneously to secure the growing number of online, peer-to-peer and mobile payment transactions.
• Take advantage of Host Card Emulation (HCE) based contactless payments by securing the enrollment, provisioning, and tokenization process of payment card credentials and operations
• Access and integrate with a wider range of point of sale (POS) terminals through Gemalto’s extensive partner network
• Scale transactional processing for faster authorization speeds in the cloud and credit, debit, e-wallet and chip cards while meeting FIPS 140-2 Level 3 and PCI-HSM 2.0 standard.
“Gemalto has a long history of enabling and securing payments from credit cards to mobile devices and our SafeNet HSM has a proven track record of protecting over $1 trillion transactions worldwide every day,” said Todd Moore, Senior Vice President for Encryption Products at Gemalto. “By adding partitioning to the SafeNet Payment HSM, we are enabling our customers to reduce hardware, improve cloud usability, and decrease transaction processing times all while maintaining the same level of security required by the financial industry.”