Hypercom Corp. said Wednesday that it is bringing to the United States a version of its end-to-end encryption software that is currently available in Asia.
The Scottsdale, Ariz., payments terminal maker has begun selling its HyperSafe Secure EFTSec Server 2.0 system to U.S. payments processors and independent sales organizations that work with small merchants using Hypercom's Optimum T4200 countertop and M4200 mobile payment terminals. The software encrypts cardholder data from the point a payment card is swiped to the time it is delivered to the EFTSec server in the processor's data center.
Stuart Taylor, the vice president of marketing for the Americas at Hypercom, said the company is not charging per-transaction fees for the encryption service. The software integrates with Hypercom's HyperSafe Remote Key System, allowing it to be remotely activated on terminals.
Hypercom has been selling the EFTSec software since 2006 in Asia, where it is being used in four countries. About 3.4 million transactions per month are now encrypted by the software.
