Tokenization, when applied to data security, is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no intrinsic or exploitable meaning or value. The token is a reference that maps back to the sensitive data through a tokenization system. The mapping from original data to a token uses methods that render tokens infeasible to reverse in the absence of the tokenization system, for example using tokens created from random numbers. A one-way cryptographic function is used to convert the original data into tokens, making it difficult to recreate the original data without obtaining entry to the tokenization system's resources. To deliver such services, the system maintains a vault database of tokens that are connected to the corresponding sensitive data. Protecting the system vault is vital to the system, and improved processes must be put in place to offer database integrity and physical security.
Verifone is an American multinational corporation headquartered in Coral Springs, Florida. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale. Verifone sells merchant-operated, consumer-facing and self-service payment systems to the financial, retail, hospitality, petroleum, government and healthcare industries. The company's products consist of POS electronic payment devices that run its own operating systems, security and encryption software, and certified payment software, and that are designed for both consumer-facing and unattended environments.
Total System Services, Inc., is an American financial technology company headquartered in Columbus, Georgia. In 2019, TSYS was merged into Global Payments Inc. TSYS is the largest third-party payment processor for issuing banks in North America, with a 40% market share, and one of the largest in Europe. It provides payment processing services, merchant services and related payment services. It also provides reloadable prepaid debit cards and payroll cards, and demand deposit accounts to the underbanked.
Heartland Payment Systems, Inc. is a U.S.-based payment processing and technology provider. Founded in 1997, Heartland Payment Systems' last headquarters were in Princeton, New Jersey. An acquisition by Global Payments, expected to be worth $3.8 billion or $4.3 billion. was finalized on April 25, 2016.
The Payment Card Industry Data Security Standard is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council, and its use is mandated by the card brands. It was created to better control cardholder data and reduce credit card fraud. Validation of compliance is performed annually or quarterly with a method suited to the volume of transactions:
INCA Internet Corporation, also known as nProtect, is a corporation which sells computer software. INCA Internet was founded by Young Heum Joo, the current CEO and President of INCA Internet, in 2000. It offers anti-virus, anti-spyware, game security, and unified corporate security. Headquartered in Seoul, Republic of Korea, INCA Internet was selected as one of the Deloitte Technology Fast 50 Korea 2007 and Deloitte Technology Fast 500 Asia Pacific 2007.
A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end.
Linoma Software was a developer of secure managed file transfer and IBM i software solutions. The company was acquired by HelpSystems in June 2016; HelpSystems changed its name to Fortra in November 2022. Mid-sized companies, large enterprises and government entities use Linoma's software products to protect sensitive data and comply with data security regulations such as PCI DSS, HIPAA/HITECH, SOX, GLBA and state privacy laws. Linoma's software runs on a variety of platforms including Windows, Linux, UNIX, IBM i, AIX, Solaris, HP-UX and Mac OS X.
Versapay is a Canadian financial technology company that specializes in account receivable software. It was listed on the TSX Venture Exchange under the symbol VPY between January 2010 and February 2020 when it was acquired by private equity firm Great Hill Partners for $126 million.
Bambora, formerly IP Payments, is a PCI Level 1 compliant financial services organisation that provides payments, accounts receivable automation and PCI DSS compliance solutions. IP Payments operates in Australia, New Zealand and the United Kingdom.
IP Payments is listed on the Asia Pacific Deloitte Fast 500. as well as winning "Most Innovative Financial Application" in Asia Pacific at the 2010 APICTA Awards event held in Malaysia.
Integrated Device Technology, Inc., is an American corporation headquartered in San Jose, California, that designs, manufactures, and markets low-power, high-performance mixed-signal semiconductor solutions for the advanced communications, computing, and consumer industries. The company markets its products primarily to original equipment manufacturers (OEMs). Founded in 1980, the company began as a provider of complementary metal-oxide semiconductors (CMOS) for the communications business segment and computing business segments. The company is focused on three major areas: communications infrastructure, high-performance computing, and advanced power management.
Procera Networks is a networking equipment company based in Fremont, California, United States, that designs and sells Network Intelligence solutions based on deep packet inspection (DPI) technology. Procera sells solutions to telecom operators, governments, enterprises, and network equipment vendors in the areas of Analytics, Traffic Management, Policy and Charging Control, and Service Provider Compliance.
Ventus is an American company founded in 1999 and headquartered in Norwalk, Connecticut that provides secure private line wireless services, and manufactures cellular wireless hardware.
Venafi, Inc. is a privately held cybersecurity company that develops software to secure and protect cryptographic keys and digital certificates. Its enterprise key and certificate management and security products are certificate authority (CA) independent and manage security instruments such as Transport Layer Security (TLS) digital certificates and Secure Shell (SSH) keys. Venafi does not sell encryption and it is not a certificate authority.
Payanywhere is a payments platform and app that allows merchants in the United States to accept credit and debit card payments while building customer relationships in-store, online, or on the go. Merchants may accept payments on their smartphone via a Bluetooth card reader or on an in-store “Storefront” solution featuring a tablet and stand, which was introduced on April 8, 2014. PayAnywhere offers credit card readers and apps that are compatible with both Apple and Android devices.
FreedomPay is a company that provides payments platform as a service. It was founded in 2000 and is currently located in Philadelphia, Pennsylvania. In early 2000, FreedomPay launched mobile payment "proof of concepts" with enterprises such as McDonald's, Bank of America and Visa. Later in 2004, FreedomPay delivered a closed loop payment system for stored value and voucher systems to the markets in the food service industry.
Point-to-point encryption (P2PE) is a standard established by the PCI Security Standards Council. Payment solutions that offer similar encryption but do not meet the P2PE standard are referred to as end-to-end encryption (E2EE) solutions. The objective of P2PE and E2EE is to provide a payment security solution that instantaneously converts confidential payment card data and information into indecipherable code at the time the card is swiped, in order to prevent hacking and fraud. It is designed to maximize the security of payment card transactions in an increasingly complex regulatory environment.
iVeri is a payments technology company that facilitates transaction acceptance for banks and businesses. The company is based in Johannesburg, South Africa. Established in 1998, it is South Africa's largest technology provider for both physical and mobile commerce.
Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The company processes payments made through credit cards, debit cards, and digital and contactless payments.
Novalnet is a payment service provider and a European payment institute that provides e-commerce businesses with electronic and point-of-sale payment processing services. The platform is designed to automate merchants' business processes across the e-commerce value chain, from checkout to debt collection.
