Bluefin Payments Systems wins PCI certification for mobile payments encryption product

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Bluefin Payment Systems, a provider of secure payment technology for enterprises, financial institutions and small to medium-sized businesses, has announced that its PayConex PCI-validated Point-to-Point Encryption (P2PE) Solution is now certified for mobile payments.

Bluefin’s Mobile P2PE Solution is the first North American mobile solution to receive PCI validation. PCI-validated P2PE encrypts cardholder data within a PCI P2PE approved point of entry device so it does not reach the merchant’s system or network as clear-text cardholder data – where it could be accessible to a fraudster in the event of a data breach.

Bluefin’s Mobile P2PE Solution will work with the company’s Quickswipe Mobile Point of Sale (mPOS) system, the company said in a release.

According to a 2014 Authentic ID survey of 2,000 merchants, service providers, acquirers, card associations and issuers, 66 per cent of respondents now actively support mobile – up 30 per cent year over year. However, 32 per cent view a mobile solution to be riskier than standard e-commerce offerings and say fraud prevention specific to mobile is increasingly necessary.

“In this age of cyber-attacks and security breaches, a secure mobile payment solution is absolutely mandatory,” said Ruston Miles, Chief Innovation Officer, Bluefin Payment Systems.  “Protecting cardholder data, guarding against fraud and, concurrently, reducing merchant and issuer liability requires a multi-faceted approach to securing card information and customer data.”

“The security of mobile phones and tablets continues to evolve and merchants do not have the ability to modify mobile device configurations to provide additional levels of security,” he added. “With our P2PE Mobile Solution, the card reader is tamper proof and all of the card data is encrypted with P2PE upon card swipe so card data is never stored on the device.”

Companies can choose to use the QuickSwipe Mobile P2PE Solution with an iOS phone or tablet, or they can choose the complete QuickSwipe mPOS solution, including the tablet stand, cash register and Bluetooth printer.

 “While mobile payment technology brings increased convenience at the POS, it can also bring new risks to the security of cardholder data,” said John M. Perry, CEO of Bluefin. “Javelin Strategy & Research predicts that mobile POS sales will rise to $5.4B by 2018, which demonstrates the rapid merchant adoption of mobile payments. The use of the PCI P2PE approved Prima M device in conjunction with PCI-validated PayConex P2PE is an optimal security solution for the millions of global merchants conducting mobile payments.”

Bluefin’s PayConex P2PE Solutions prevents cardholder data loss in the event of a breach, and also helps companies reduce their PCI compliance scope to 18 questions in the SAQ P2PE-HW.

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