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Radiant Systems Continues the Development of Payment Security Tools |
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| Category: Security | |
ATLANTA, May 20, 2010 (BUSINESS WIRE) -- Radiant Systems, Inc. /quotes/comstock/15*!rads/quotes/nls/rads (RADS 14.50, -0.38, -2.55%) today announced that it will be offering a new suite of payment security products, known as Radiant Payment Guard, that currently includes Payment Guard MSR, Token Replacement and CPGateway. These payment protection tools help businesses in the restaurant and retail industries better protect their sites and consumers by reducing data security-related risks. "Criminals are targeting restaurant and retail businesses at an alarming rate," said Andy Heyman, chief operating officer at Radiant Systems. "Radiant is providing a variety of hardware and software products, such as the Radiant Payment Guard suite, to help our customers maintain consumer trust and reach the highest levels of data security." The Radiant Payment Guard suite of products currently includes Payment Guard MSR, Token Replacement and CPGateway. Payment Guard MSR is an encrypted magnetic stripe reader that is installed within Radiant point-of-sale (POS) hardware terminals, which are deployed within both the restaurant and retail industries. Payment Guard MSR enables data security protection on a physical level with encryption of sensitive consumer data built into Radiant's hardware products. By the end of 2010, Radiant will be shipping all POS terminals with Payment Guard MSR, with most terminals shipping with this security feature as of July 1. The company began shipping Payment Guard MSR-equipped hardware in 2009 with the launch of the P1515, P1560 and P1760 POS terminals. Radiant Payment Guard also includes Token Replacement, which is a payment security feature of the Aloha point of sale that has been in use by restaurant operators since early 2009. With Token Replacement, a unique identifier, or token, is allocated to cardholder data at the RBS WorldPay and Radiant Payment Services (RPS) host to prevent personal information from being stored on the point of sale. This ensures restaurant operators that payment processing occurs in a tightly-secure environment. In addition, Radiant's CPGateway service is part of the Radiant Payment Guard product set and works with Radiant's specialty retail product CounterPoint. Unlike other retail point-of-sale systems, CPGateway encrypts cardholder data from the store to the hosting center, rather than decrypting data at the store-level. "Throughout our 25-year history, Radiant has always been focused on providing leading data security protection for our customers," said John Heyman, chief executive officer at Radiant Systems. "The new offering of the Radiant Payment Guard suite of products is another example of our effort to continue developing products, technologies and processes to ensure that our customers are able to comply with today's standards, as well as protect against tomorrow's hackers." |
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| Date Added: May 21, 2010 03:00:35 PM | |
| Author: admin | |
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