Intel has launched Intel Data Protection Technology for Transactions, designed to provide end-to-end encryption of consumer and financial data that is built into the point of sale (POS) platforms.
The technology was developed in collaboration with NCR, a provider of consumer transaction technologies. It is powered by Intel Core and select Intel Atom processors for enhanced security, Intel said.
The growing number of data breaches cast doubt on retailer’s ability to protect consumer data and sustain consumer confidence, creating barrier to the adoption of Internet of Things technologies.
Intel Data Protection Technology for Transactions delivers a higher level of security from the start of a transaction until transaction data is stored on a bank server. It adds an additional layer to protect the payment process, Intel said.
The software helps close the gaps between data transmitted between POS devices and the data center. It creates a secure pathway between the transaction endpoint, point of sale (POS) system and server networks to securely carry consumer information.
Intel Data Protection Technology for Transactions helps mitigate risks by establishing a secure pipeline through which transactions can request payment authorization and provides a common security management capability for retailers to utilize regardless of the original POS or peripheral vendor.
The solution supports all modern forms of credit and debit payment including EMV (Europay, Mastercard and Visa), magnetic stripe and near field communication (NFC) transaction readers, including Google Wallet, Softcard and Apple Pay.
The technology works with all retail POS form factors that have select Intel processors in their retail POS networks, including tablets.
The solution will be initially available on Intel Core second- and third-generation processors as well as succeeding Intel Core processor generations. In addition, tablets with the Intel Atom processor code-named “Bay Trail-T” and future Intel Atom processors will support this new Intel technology.
Intel Data Protection Technology for Transactions also finds applications in non-retail industries and applications, such as to secure the way airports handle passport and driver’s license identity information, or helping pharmacies protect customer information related to prescription refills.
“This solution introduces a significant improvement in today’s retail transaction data protection without costly hardware upgrades, and provides retailers a path for adopting new Internet of Things technologies,” said Michelle Tinsley, director of Mobility Retail and Payments, Intel.
“Consumers and retailers need solutions that help narrow the risk of information making its way into the wrong hands,” said Chris Lybeer, vice president of Strategic Development at NCR. “NCR and Intel recognized the need to add a new level of security into transactional systems.”
“With Intel Data Protection Technology for Transactions, in conjunction with NCR DataGuard, all important data from consumer information to payments to confidential business information are shielded from possible misuse,” Lybeer added.