Hypercom Introduces HyperSafe® Remote Key System
Retailers Can Conduct On-Site Key Injection with Industry’s First Standards-Based Product
SCOTTSDALE, AZ, January 8, 2008 (AllPayNews.com) – Hypercom Corporation (NYSE: HYC) today introduced the HyperSafe Remote Key System (HRKS), the industry’s first standards-based remote key injection product that allows retailers to quickly and securely initiate on-site, in store payment terminal key injection at the POS. The new system offers a fast and highly secure alternative to the industry’s traditional secure room key injection process.
“Retailers no longer have to ship their terminals to secure facilities for time-consuming key injections,” said Lloyd Baylard, Vice President, Multilane Products, Hypercom Corporation. “This advance represents a technological leap that streamlines the entire key injection process and saves merchants time and money.”
HRKS eliminates the need for off-site secure room key injections by incorporating PKI (Public Key Infrastructure) to securely distribute symmetric 3DES keys. The system incorporates a Futurex Excrypt™ KMS9000 key management server with specific functionality developed for Hypercom. The Excrypt KMS9000 system is X509, FIPS 140-2 Level 3 and PCI DSS compliant. HRKS meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management.
“Hypercom’s introduction of HRKS caps a more than three year effort by both companies, all towards the goal of creating a more secure key injection solution to help customers save time, money and deliver the peace of mind that comes from a security design based on ANSI and Visa industry standards for remote key management,” said Brett Smith, CEO of Futurex.
Hypercom’s HRKS is available now with Hypercom’s Optimum L4150 and L4250 multilane terminals as well as later versions of the Optimum L4100.
Hypercom will demonstrate the HyperSafe Remote Key System at the National Retail Federation Show in New York City, January 12 and 13, 2009.
For additional information, please visit: http://www.hypercom.com/services/hypersaferemotekeysystem.aspx.
About Futurex (www.futurex.com)
For more than 27 years, Futurex has provided hardware data encryption and security solutions to over 15,000 financial institutions, retailers, merchant service providers, and others on a worldwide basis. The company’s solutions offer market leading technology for transaction based encryption, general purpose data encryption, as well as key management systems for both POS terminals and ATM’s. Futurex Host Security Modules utilize the ExcryptTM UI, the industry’s first, fully universal interface to host application software used in the financial transaction security for all common domestic and international message formats for PIN Translation/Verification, Key Management and EMV.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions in 2008, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.
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