Elavon Chooses Semtek and Voltage Security for End-to-End Encryption
June 14, 2010
Elavon, the processing arm of U.S. Bancorp, announced it has chosen to include technologies from Semtek and Voltage Security in end-to-end encryption capabilities for its acquiring and gateway solutions. The company also said it has developed advanced tokenization schemes that will allow merchants to securely access card data for future transactions. “End-to-end encryption and advanced tokenization are rapidly becoming preferred methods for securing cardholder data,” said Stuart C. Harvey Jr., CEO of Elavon. “These solutions often help merchants reduce the scope and resources associated with annual PCI audits, allowing them to focus on serving the needs of their customers.” Elavon said its implementation is unique in that it has chosen to deliver both hardware and software-based technologies and stands ready to support additional end-to-end encryption technologies as they mature.