From PC World: Swiping credit cards or using payment systems like Apple Pay at stores could become much safer thanks to a new Intel system, which could also make it easier for retailers to secure data after transactions are completed.
With security breaches and customer data theft on the rise, Intel has developed Data Protection Technology for Transactions, a hardware-software bundle designed to protect credit card and personal data from hackers when transactions are being authorized.
Intel will market the chip technology to makers of point-of-sale (POS) systems, PCs and mobile payment terminals. NCR, the world’s largest maker of payment terminals, has plans to put Data Protection Technology for Transactions on its products.
Intel’s hardware and software security platform is adaptable to multiple payment systems. It will be supported on the latest Atom and Core processors.
This is how it works. Once a credit card transaction is made at a payment terminal, Intel’s technology creates multiple layers of security to protect data. A POS terminal encrypts the data, which is transferred through a private tunnel to the credit-card processing company and ultimately to the bank authorizing the transaction.
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