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Comforte AG debuts data security solution for payments industry

May 22, 2019

Data security provider Comforte AG has introduced a new data security solution and practice for the payments industry. 

According to a press release, the solution will provide payment service providers with enterprise-grade data security that not only fulfills key requirements of existing regulations, but also helps them to prepare for Europe's PSD2 mandate, which takes effect in September.

PSD2 and open banking offer opportunities for PSPs to monetize data, which is where comforte's new payments security solution comes into play, the release said. 

Organizations hoping to leverage data must ensure that sensitive personal information is protected — both in house and when being shared with or sold to partners. The comforte data security solution makes this possible by protecting data throughout its lifecycle.

Comforte AG has worked for more than a decade to help payment service providers achieve compliance with data security regulations, in particular PCI DSS, as well as with more recent legislation such as the EU's General Data Protection Regulation and the pending California Consumer Privacy Act.