The Nation’s Payment Systems Infrastructure, trusted with handling billions of point-of-sale (POS) retail-brick/mortar, online, as well as debit/checks payment transactions, faces ever evolving cyber-security threat vectors, with un-ending areas of cyber security vulnerabilities surfacing on a daily basis.
Payment Card Industry (PCI), as a solution to this complex cyber-security challenge within the payment systems infrastructure, has rolled out EMV for bankcards and NFC technologies for mobile payments. Both of these, EMV and NFC based solutions, which rely upon encryption, are costly and cumbersome to implement for the merchant, requiring new security hardened point-of-sale systems that require annual security audits.
Ever wondered… what happens during bankcard payment transactions at merchant point of sale (POS) at online and retail stores? What are the underlying causes of ever persistent cyber hacks and data breaches?
There is a fundamental security weakness as has been evident by numerous data breaches and hack attacks in the nation’s payment infrastructure, because the payment infrastructure is entirely dependent on customers carrying and providing and transferring their private data to merchants, where it is then transfered across numerous payment transaction intermediaries to the card issuing banks for verification.
There have been no comprehensive and viable solutions … UNTIL NOW.
The founder & CEO of Sales Transaction Systems, Tara Chand, studied and identified the root causes of these security vulnerabilities and innovated Card Secure® Platform - a unique merchant servicer that reverses the basic paradigm of requiring customers to carry and transfer private data to merchants – and yet operates seamlessly within the existing payment infrastructure.
Learn here, how and why Card Secure® Platform - a unique merchant servicer, with multiple US and international patents issued and pending, is the ultimate solution for the entirety of these cyber security risks within the payment systems infrastructure.
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