The decryption of highly secure transactions enables banks, card operators and even retailers that have not yet connected to the Computop Paygate omnichannel platform to accept P2PE-secured payments. Without being read or stored locally, the encrypted transactions are sent directly from the card terminal to Computop, are decrypted and then sent on to the corresponding acquirer bank in a PCI-compliant way. This service is aimed particularly at payment service and financial services providers who would like to incorporate P2PE transactions as part of their offering.
“For our clients, the integration of P2PE-enabled terminals and decryption by Computop significantly lessens the cost of PCI-certification”, emphasises Stephan Kück, Computop’s managing director. “This service is a cost-effective way to integrate fast encryption of their payments into their existing structure.”
Card terminals that support P2PE already encrypt card data with asynchronously alternating keys for every transaction, which are therefore particularly secure. It also enables retailers to incorporate devices in the checkout area that are thought to be less secure, such as smartphones or tablets. This significantly reduces the certification costs for the development of software and apps. For retailers, Computop’s P2PE solution makes going international much easier, as regional networks and standards no longer apply.
Find out more in this explanatory video: https://youtu.be/_MKHqxdvDvMs