Hypercom Corporation (NYSE: HYC) announced today that its IP-enabled Optimum T4100 is the first card payment terminal to gain approval under MasterCard Worldwide’s new Payment Terminal Security Program, established to ensure that IP-based transactions meet the highest levels of security.
To earn MasterCard’s approval, the T4100 had to pass tests demonstrating that it protects transaction and cardholder data exchanged between the terminal and the server it communicates with using encryption algorithms approved by MasterCard to guard against attacks such as eavesdropping, traffic injection, or device masquerading. The tests were conducted by an independent, accredited testing lab recognized by MasterCard. The results were reviewed by MasterCard before the approval was granted.
"The T4100’s status as the first terminal to achieve MasterCard’s new security designation reflects our ongoing commitment to maximizing security for electronic payments," said Neil Hudd, senior vice president, Global Product Development and Marketing. "It also follows closely and builds on the product’s increasing success in the market, from Class A certifications to adoption by banks and retailers."
The Optimum T4100 features a powerful 32-bit, Intel® XScale® processor and 24 megabytes of memory to deliver intelligently integrated multi-application performance and the industry’s fastest transaction speeds for both IP/SSL and dial applications. The product can perform 250 MIPS (millions of instructions per second) compared to 1.6 MIPS for similar devices and has at least 18 more megabytes of memory, enabling support for more value-added applications than any other terminal on the market.
To facilitate high-security IP transactions, the T4100 incorporates an array of special anti-fraud functions including a mutual authentication procedure, automatic failover to dial if IP service is interrupted, and a built-in diagnostic application for help desks to quickly determine if a connectivity problem is being caused by a cable, gateway, ISP or host failure. The terminal also incorporates an “adaptive application” architecture that speeds processing of multiple applications.