In a strategic move to elevate payment and data security standards, US-based company Bluefin has announced a partnership with ID TECH. The collaboration introduces a PCI Validated Advanced Encryption Standard (AES) Point-to-Point Encryption (P2PE) solution, designed to bolster security for Bluefin’s Decryptx and PayConex payment solutions.
This cutting-edge AES encryption, sanctioned by the US National Institute of Standards and Technology (NIST), will be seamlessly integrated into ID TECH’s SREDKey 2 encrypting keypads, offering Bluefin customers an enhanced layer of protection for sensitive cardholder data. The collaboration positions Bluefin as an industry trailblazer, being among the early adopters of the AES standard.
In a joint press release, Bluefin representatives underscored the importance of this partnership, emphasizing the company’s commitment to staying at the forefront of security measures. The ID TECH SREDKey, a pivotal element in Bluefin’s PCI-validated P2PE solution, has gained popularity, particularly in sectors such as healthcare and higher education.
The AES protocol’s implementation is considered pivotal for various applications, notably in back-office payment processing, especially for multinational entities managing credit card transactions across diverse countries. Bluefin further plans to integrate AES into its ShieldConex tokenization process, solidifying its dedication to comprehensive data security.
ID TECH echoed this commitment, highlighting the joint effort of both companies in providing secure payment solutions. The incorporation of AES 128 encryption in ID TECH’s payment hardware, coupled with Bluefin’s P2PE solution, reflects a shared dedication to adopting the latest encryption technology. This collaboration ensures a robust and secure payment environment for the mutual customers of these industry-leading companies.
“Through our partnership and collaboration with ID TECH, Bluefin is one of the first in the industry to commercialize the AES standard,” said Tim Barnett, Chief Information Officer at Bluefin. “The ID TECH SREDKey was one of the very first devices that Bluefin provided as part of our PCI-validated point-to-point encryption (P2PE) solution and it has become one of our best-selling P2PE devices, particularly with our over 1,000 healthcare and higher education clients. AES is an important security protocol for many use cases including back-office payment processing, especially for multi-nationals who want to enter credit card numbers in multiple countries. Bluefin can also utilize AES in our ShieldConex tokenization process.”
“As pioneers in delivering secure payments technology, both Bluefin and ID TECH continue to expand and strengthen our payments offering by offering AES 128 encryption to our mutual customers,” said Justin Ning, VP of Product Management at ID TECH. “AES 128 provides our customers with the latest encryption technology and peace of mind that their payment environment is secure. Supporting AES 128 encryption within ID TECH’s payment hardware and Bluefin’s P2PE solution is a testament to both companies’ commitment to delivering secure payment solutions and we are extremely excited to partner with a long term partner in Bluefin.”
To know more about other trending usecases in the US financial services industry, like Generative AI, Open Banking, Buy Now Pay Later (BNPL), explore our other insights.
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