New range of secure payment solutions offers cost savings towards PCI DSS compliance
The Logic Group has announced the launch of its new range of Secure Payment Solutions
Aimed at providing merchants, retailers and acquirers with flexible payment platforms, a choice of hardware or value-add options and significant cost savings, The Logic Group’s portfolio of Secure Payment Solutions offers customers a range of options on the road towards PCI DSS compliance while allowing them to take advantage of potentially significant cost benefits.
In today’s marketplace there is a clear recognition that a “one size fits all” approach does not reflect the reality of most organisations and that allowing for future options and choice are vital ingredients for many companies in their evaluation of solutions. In many cases, organisations have initially secured card data at the centre of their infrastructure. Now the imperative is to secure their remote sites, including for example, retail stores.
Equally, some organisations operate environments where card data availability is not a requirement, providing an opportunity to remove it from the infrastructure all together and reap significant cost savings.
Against this backdrop, The Logic Group has announced a range of new solutions designed to meet the differing needs of the largest companies through to smaller mid-range merchants.
Solve Centurion: a new state of the art European payments authorisation and settlement platform. It provides merchants with a powerful secure platform and the capability to accept transactions from multiple channels including physical points of sale such as in retail stores, through to contact centres and websites. The solution provides the highest levels of security for stored card data at rest.
Solve DataShield extends payment solutions to provide PCI DSS scope reduction. It uses end-to-end encryption technology to secure card data within a secure PIN Entry Device and transfers it across the network only decrypting it at a secure, PCI DSS compliant central point. Solve DataShield also supports tokenisation which includes the replacing of card data with a unique token coupled with PIN Entry Device (PED) security measures to detect potentially fraudulent devices. The combination of end-to-end encryption and tokenisation allows card data to be removed from an organisations infrastructure, thereby reducing the scope of PCI DSS compliance.
Solve Praetorian is a secure payment gateway, primarily aimed at banks and card processors. Capable of managing the sorts of transaction volumes associated with acquiring platforms, it offers high performance payment acceptance, security and flexibility across multiple channels and devices.
Commenting on the new solutions, The Logic Group’s Chief Executive Antony Jones comments: “We have worked closely with our clients to provide innovative solutions as the PCI DSS landscape has evolved over the last six years, enabling us to develop a sound understanding of their payment security needs. Our solutions operate at the heart of over 35% of card payments in the UK today and we have become a trusted advisory partner to a major number of our client base which includes up to 60% of the UK’s largest retailers, insurers and telecommunications companies. Our portfolio of Secure Payment Solutions provides a holistic approach to addressing their requirements and reflects our understanding that differing organisations have differing requirements. Our clients will benefit from a best-in-class secure platform, flexibility, high performance, choice and most importantly options for the future. The portfolio also offers significant cost savings for businesses on the journey towards PCI DSS compliant infrastructures. For consumers, it offers an even more secure and trusted environment in which to carry out credit and debit card payments.”
