Earlier this week, Ingenico Group made a big announcement related to On-Guard, its point-to-point encryption (P2PE) solution. Ingenico revealed that adoption of On-Guard saw 10x growth in 2015 and that 75 percent of all PCI-validated P2PE offerings available in the US use On-Guard. As one of Ingenico’s P2PE partners mentioned in the announcement, we congratulate Ingenico on this big achievement!
If you’re unfamiliar with P2PE, think of it as the strongest deadbolt you can put on your front door. And to obtain PCI-validation for P2PE, payment technology companies, like CardConnect, must meet rigorous controls and requirements to actually say that they are in fact using the strongest deadbolt. So far, only 15 of us have met those lofty standards.
When using a P2PE solution that meets all the requirements, payment card data is never exposed to a business’s internal systems – which hasn’t been the case in major data breaches where cybercriminals have syphoned millions of clear-text credit card records. In addition to protecting your customers and brand, P2PE also reduces PCI DSS scope. In fact, a combination of P2PE and EMV might be a way to exempt your business from an annual PCI assessment.
If you want more information on the benefits of P2PE, check out Gartner’s analysis. We’re also happy to talk to you about CardSecure, our P2PE solution for both card-present and card-not-present transactions. Drop us a line here and we’ll be in touch.