NCR Utilizes the Cloud to Enhance Connected Payments Solution for Retailers of Any Size
finance.yahoo.com
NCR Connected Payments offering creates a smooth and more secure payment processing for more than four billion transactions annually
”In our discussions with retailers large and small, securing and protecting digital assets are top-of-mind and must be deeply integrated into any solution,” says Michael Bayer, president at NCR Retail. ”Our tier zero and tier one customers were specifically interested in a private cloud solution for NCR Connected Payments, which we have created and are now offering to the broader market today.”
NCR Connected Payments is a solution that was developed and maintained to meet the requirements of the Payment Card Industry Data Security Standard (PCI DSS) and EMV (Europay, Mastercard and Visa). It also prepares retailers for accepting alternative payments like mobile payments and eWallets applications. The solution significantly reduces the payment data footprint in the store, substantially reducing the exposure of retailers to payment data theft.
”Cloud technology allows us to now offer a multi-tenant SaaS solution for any type and size of retail operation taking payments, this includes private-cloud solutions that are being tailored for some of the largest retail chains operating today,” says Brett Chandler, vice president and general manager for SaaS, NCR Retail. ”Retailers are re-doubling their efforts to protect digital assets and as a result, we have seen 40 percent year-over-year growth in retailers selecting the NCR Connected Payments offering.”
To mitigate Payment card theft and fraud risks, NCR Connected Payments enhances data and transmission protection, from PIN pad to payment processor using point-to-point (P2P) encryption and tokenization. The NCR SaaS implementation also provides advanced security monitoring and vulnerability management that meets or exceeds what is required for PCI compliance. This affords retailers more precise, constant visibility into the health of their complete payment system. |
