Gemalto SafeNet Luna EFT Supports New Standards From Major Credit Card Networks

Digital security provider Gemalto (GTOFF.PK) said its SafeNet Luna Electronic Funds Transfer or EFT PaymentHSM (Hardware Security Module) supports new standards from the major credit card networks for secure implementations of contactless payments via mobile phones.

The SafeNet Luna EFT device can deliver on highly secure cloud tokenization requirements to protect the processing of payment transactions and digitization of credit card credentials.

Banks, card issuers and payment service providers can deploy the SafeNet Luna EFT Payment HSM and offer customers contactless payment applications compliant with these specifications.

The SafeNet Luna EFT Payment HSM plays a central role in protecting payment data by managing the entire cryptographic process that secures the enrollment, provisioning, and tokenization of payment card credentials and payment operations.

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