PAX Joins Voltage SecureData Open License Program
MELVILLE, New York and PALO ALTO, Calif. -- (PaymentsMarket) -- PAX, one of the world’s leading electronic payment system manufacturers, and Voltage Security™, the global leader in end-to-end data protection, today announced that PAX is implementing an end-to-end encryption point-of-sales (POS) solution that protects cardholder data at the point of card swipe and through the payment flow to payment processor or card brand hand-off. By encrypting data at the point of sale, PAX solutions with Voltage SecureData™ provide merchants with an end-to-end data protection solution that significantly reduces the Payment Card Industry Data Security Standard (PCI DSS) audit scope and meets or exceeds the recently published Visa Best Practices for Data Field Encryption.
PAX has chosen to join the new Voltage SecureData Open License Program because it dramatically lowers the barrier to implementing end-to-end encryption on POS devices, Electronic Cash Registers (ECRs) and eCommerce Payment platforms.
“One of our primary goals is to deliver highly secure and affordable data protection to our customers,” said Mike Mulcahy, CEO of PAX. “We chose Voltage as a preferred partner because of their advanced technology and momentum in signing new merchants and payment processors,” continued Mulcahy.
“As a global leader in payments solutions, PAX is widely recognized as a payment technology innovator and is committed to raising the data security standards within the electronic payments industry,” said Mark Bower, vice president of Product Management for Voltage Security. “By selecting Voltage, PAX is delivering end-to-end security to merchants and their customers around the world,” continued Bower.
With PAX solutions, payment card primary account numbers (PANs) and other sensitive data are encrypted at the merchant’s point-of-sale device. This protection remains enforced until payment processor or card-brand hand-off.
PAX payment solutions are powered by Voltage’s breakthrough Format-Preserving Encryption™ (Voltage FPE) and Voltage Identity-Based Encryption™ (Voltage IBE) technologies, which dramatically simplify the deployment and administration of encryption and key management, offering the following advantages:
- Cardholder data is encrypted immediately at point of capture and remains protected end-to-end.
- Key management is simplified – no need to inject keys into devices or manually rotate encryption keys.
- End-to-end encryption can be applied across the widest range of form factors.
About Voltage Security
Voltage Security, Inc., an enterprise security company, is an encryption innovator and global leader in enterprise data protection for data residing both inside and outside the cloud. Voltage solutions provide cloud-scale encryption and simplified key management for protecting sensitive information wherever it is stored and processed, on-premise or in private and public clouds. Voltage solutions are in use at almost 1,000 enterprise customers, including some of the world’s leading brand-name companies in payments, banking, retail, insurance, energy, healthcare and government.
Voltage solutions reduce the risks associated with theft of sensitive and private information, support privacy guidelines including PCI DSS, HITECH, U.S. Data Breach Disclosure laws and European Data Privacy directives, and uniquely provide security of data coupled with unmatched usability which results in significantly lowered total cost of ownership.
Harnessing award-winning cryptography and key management, including Voltage Identity-Based Encryption™ (IBE) and a breakthrough innovation in data usability, Format-Preserving Encryption™ (FPE), Voltage solutions have changed how enterprises protect their most valuable asset, their customer data. Offerings include Voltage SecureMail™, Voltage SecureData™, Voltage SecureFile™ and Voltage Cloud Services™, which provides cloud scale encryption and key management for businesses, partners and their customers. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. To learn more about Voltage customers please visit voltage.com/customers.
PAX has been serving the global retail marketplace for over ten years and has distribution in over thirty countries. In a recent Nilson Report, PAX was listed as the fastest growing of the Top 10 terminal manufacturers with a 54% increase in global sales in 2008. PAX is the dominant supplier in China and has established its North American headquarters in Melville, New York.
PAX offers a complete line of products and services supported by extensive R&D capabilities with a growing staff of more than 100 engineers. In addition to a most competitive pricing model, quality assurance is the company’s top priority, which enables PAX to have a strong advantage in the marketplace.