RSA Predicts Transformation in Merchant Card Data Management

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RSA, the security division of EMC has released a new security brief “Secure Payment Services: Card Data Security Transformed,” that highlights how advanced security technologies can be combined with emerging outsourced services.

RSA, the security division of EMC has released a new security brief Secure Payment Services: Card Data Security Transformed, that highlights how advanced security technologies can be combined with emerging outsourced services to abstain merchants of the growing stress of storing electronic payment card information.

In the brief, experts from companies including RSA, First Data Corporation and Visa have requested merchants to rethink how they manage card data, stressing that they can gain better business insight and value without having to keep card numbers at all.

Merchants are facing increasing challenges when it comes to maintaining credit card data as card thieves have grown more sophisticated. Keeping all this in mind, the new RSA security brief has introduced a model for outsourcing credit card data security called secure payment services. These services transfer safeguarding card information to outside service providers, improving electronic card dat

a security while simultaneously reducing the time, complexity and cost of achieving PCI compliance for merchants.

The benefits of secure payment services can be significant. We believe many merchants will move to an outsourced services model by 2015, said Craig Tieken, Vice President, Merchant Product Management, First Data. As the merchant responsibilities associated with storing payment card data continue to increase, these new centralized repositories allow merchants to preserve all the marketing and operational advantages of tracking card information while transferring a large portion of the risk by removing the card numbers from the merchants card environment. This shift will create a new industry standard for securely processing credit, debt and other payment card transactions, he added.

RSAs new security brief outlines how next-generation payment processing services take advantage of end-to-end data encryption and a newer technology called tokeniza