First Data, a provider of electronic commerce and payment processing, will provide ID TECH, a supplier of POS devices, with its TransArmor data encryption and tokenization technology (view press release). TransArmor is designed to protect consumer payment card data and replaces card numbers with a token number that preserves the value of card data for merchant business operations while removing the value to fraudsters. Select ID TECH SecureMag swipe readers will incorporate end-to-end encryption technology that delivers a randomly assigned number representing a card used in a transaction to merchants.
The companies aim to make the TransArmor-equipped SecureMag devices available later this year for ID TECH’s independent software vendors and additional ID TECH devices will incorporate the TransArmor solution in the future.
“By adding ID TECH devices to our portfolio of TransArmor-enabled POS solutions, we are helping to further protect consumers and merchants from experiencing damaging and potentially catastrophic data security incidents,” said Tim Horton, vice president of Merchant Product Management, First Data. “With more than 300,000 merchants securely processing transactions with the TransArmor solution, it is the most widely deployed payment security service in the industry.”