Elavon Announces Encryption and Tokenization Support

by Mercator Advisory Group 0

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.

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