Thales launches cloud-based Payment HSM Service
By Gloria Methri
Paris-based RiskTech company Thales has announced the launch of Thales payShield Cloud HSM, to help customers accelerate the adoption of cloud-based payments infrastructure. The new subscription-based digital payments security service is built on its payShield 10K Payment Hardware Security Module (HSM) technology.
For more than 30 years, Thales’s payment HSMs have helped protect cryptographic keys and sensitive data to facilitate secure payment processes – both online and in person. The new service offers rapid deployment, improved flexibility, and seamless integration with leading cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
The payShield Cloud HSM service can be used in hybrid deployments, enabling existing customers to move any application to the cloud at their own pace while avoiding disruption to their on-prem HSM infrastructure. The service can be deployed in minutes, delivering instant security, trust, segregation of duties, and functions that support the needs of payment brands such as American Express, Discover, JCB, Mastercard, UnionPay, and Visa.
The payShield Cloud HSM service is an alternative way for businesses to fulfil their payment security needs. It simplifies the sharing of production HSMs across multiple locations and applications, allowing more HSMs to be added quickly for resilience, backup or capacity.
The service is currently supported by multiple data centres across the US and EU regions, with more in the pipeline – helping businesses with the growing complexity of data sovereignty. These data centres comply with critical data security audit standards including PCI PIN security essential for payment processing.
“Across industries and geographies, digital services are steadily transitioning from on-premises to cloud-based offerings. Payment solutions are no exception,” said Todd Moore, vice president of data security products at Thales. “Our cloud-based payShield 10K HSM service provides a new, flexible and fully-compliant solution for facilitating digital and face-to-face payments. This new offering delivers the exceptional performance customers expect from our payment HSM platforms, including low-latency operations with leading cloud platforms.”
IBSi Daily News Analysis
September 22, 2023
Cloud Based Payments
Banks can capitalize on new dynamics in a changing industry, study showsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage