A new study finds 45% of smartphone owners who plan to use mobile payment apps in the next 90 days will opt for the ...
The online payment processor will use voltage tokenization to protect card data.
December 14, 2010 – London – Voltage Security, Inc. (www.voltage.com), the global leader in enterprise and payment card data protection inside and outside the cloud, and ClickandBuy (www.clickandbuy.com), one of the world’s leading online payment systems, today announced that Voltage Security solutions have been selected to provide advanced data security and protect ClickandBuy’s customer cardholder, PAN (Personal Account Number), payment data and PII (personally identifiable data) as part of addressing PCI DSS (Payment Card Industry Data Security Standard) compliance.
“With transaction volumes of over one billion Euros, over 13 million end-user customers, and more than 16,000 online merchants and growing, ClickandBuy was looking for the most advanced, cryptographically-proven security solution to protect customer’s sensitive cardholder data as well as to address its broader data security needs. We are pleased to add ClickandBuy to a rapidly growing list of top brands that are addressing their PCI DSS compliance and other data security requirements using Voltage’s innovative and game-changing technology solutions,” said Ravi Pather, vice president of EMEA Sales, Voltage Security.
“Having conducted an extensive evaluation of the leading tokenization and encryption-based solutions for data security, Voltage became the obvious choice due primarily to the ease of integration into our infrastructure, including numerous back office trading applications and databases, which meant we did not need to make application changes,” said Dr. Kurpinski, Group CTO, ClickandBuy. “Voltage’s simplified key management also provides significant advantages such as reduced infrastructure and operational overhead and therefore, lower total cost of ownership for the overall system.”
Voltage end-to-end payment security solutions are available integrated with a variety of hardware platforms and as a software-only implementation for e-commerce. For a full list of Voltage payment partners please visit: www.voltage.com/partners/payment.htm.
ClickandBuy is one of the leading payment services in the internet. Certified by McAfee and tested by Germany’s Technical Inspection and Testing Association (TÜV), this online payment system is used for internet purchases by over 13 million people. Having doubled its turnover generated by traders and end customers to € 922 million (TTV) in 2008, the ClickandBuy Group first crossed the billion euro threshold in 2009.
Over 16.000 online traders use ClickandBuy’s e-payment system for their e-commerce, retail, online entertainment, and paid content & services billing, including Deutsche Telekom, Scout24 Group, Apple iTunes, Napster, Orange, msn, AOL, Meetic, Parship, Electronic Arts (EA), Codemasters, McAfee, Panda, RTL, Playboy, Financial Times Deutschland, Foto.com, Deutsche Boerse Group, KPMG, Yamaha, Digital River, Redcoon, bonprix (Otto Group).
Founded in 1999, ClickandBuy represents over 10 years of experience and expertise in the e-payment market. The online payment system is operated by ClickandBuy International Ltd. in London. Since the merger on 1 April 2010 the ClickandBuy Group has been a wholly-owned subsidiary of the Deutsche Telekom AG. As an e-money institution licensed by the UK’s Financial Services Authority (FSA), ClickandBuy’s complete service includes 120 currencies and offers 50 national and international modes of payment throughout 31 countries.
About Voltage Security
Voltage Security, Inc., an enterprise security company, is an encryption innovator and global leader in enterprise and payment card data protection for data residing both inside and outside the cloud. Voltage solutions provide cloud-scale encryption and simplified key management for protecting sensitive information wherever it is stored and processed, on-premise or in private and public clouds. Voltage solutions are in use at almost 1,000 enterprise customers, including some of the world’s leading brand-name companies in payments, banking, retail, insurance, energy, healthcare and government.
Voltage solutions reduce the risks associated with theft of sensitive and private information, support privacy guidelines including PCI DSS, HITECH, U.S. Data Breach Disclosure laws and European Data Privacy directives, and uniquely provide security of data coupled with unmatched usability which results in significantly lowered total cost of ownership.
Harnessing award-winning cryptography and key management, including Voltage Identity-Based Encryption™ (IBE) and a breakthrough innovation in data usability, Format-Preserving Encryption™ (FPE), Voltage solutions have changed how enterprises protect their most valuable asset, their customer data. Offerings include Voltage SecureMail™, Voltage SecureData™, Voltage SecureFile™ and Voltage Cloud Services™ which provides cloud scale encryption and key management for businesses, partners and their customers. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. To learn more about Voltage customers please visit voltage.com/customers.