News

Wincor, Cisco guard data in cashless payment transactions

February 26, 2007

PADERBORN, Germany - Wincor Nixdorf International and Cisco Systems Inc. have announced joint solution called SecurePOS, which is designed to enhance the security of transaction data generated in cashless payment scenarios.

According to a news release, the two companies have bundled their solution expertise to protect security for data-traffic passing from POS terminals to central systems in retailing enterprises. TP.net, the store software from Wincor Nixdorf, encrypts transaction data at the store level. Cisco's portfolio offers protection of data in retailer networks, using a special client to help defend against the compromise of data from POS systems to store-server and central systems.

One crucial factor in generating trust in the security of cashless-payment systems is protecting credit card-data, Wincor says. Reports of credit-card theft and hacker abuse have shaken the confidence of cardholders and retailing companies. The Payment Card Industry's data security standard includes a set of requirements that establish standards for credit-card transactions. Retailing enterprises that transact business with credit cards must comply with those regulations.

Wincor and Cisco say their solution package will help retailers address some of PCI's requirements.