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comforte AG Launches New Payments Industry Data Security Solution

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WIESBADEN, Germany–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CardForum2019?src=hash” target=”_blank”gt;#CardForum2019lt;/agt;–comforte AG today announced its Data Security Solution and Practice for
the Payments Industry. The solution is making its debut at Card
Forum 2019
, the annual gathering of card and payment executives from
the industry’s leading issuers, networks, retailers and innovators. Card
Forum 2019 is being held this week in New Orleans.

comforte AG has over a decade of history working with payment service
providers (PSPs) to 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 (GDPR) or the upcoming
California Consumer Privacy Act (CCPA). Our new solution will provide
PSPs with enterprise-grade data security that not only fulfills key
requirements of existing regulations, but will also help them to prepare
for PSD2, which comes into effect in September of this year.

PSD2 and open banking offer PSPs numerous opportunities to generate
additional revenue, reduce costs, and increase market value. Mobile
applications will open new revenue streams for PSPs, either through
subscription fees or commission fees for recommended third party
services.

The new regulation also offers new opportunities to monetize data, which
is where comforte’s new payments security solution comes into play. Data
is extremely valuable for trend analysis and business intelligence, but
it can only be distributed in an aggregated and protected form in order
to protect individuals’ privacy. Organizations hoping to leverage this
new opportunity will have to ensure that sensitive personal information
is protected both in house and when being shared with or sold to
partners. comforte AG’s data security solution makes this possible by
protecting the data throughout its lifecycle.

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This new development is part of comforte AG’s strategic growth plan. In
recent years, comforte has made great strides in the global data
security market. In order to accelerate this growth even further,
comforte is building dedicated industry solutions and corresponding best
practices. With the expertise of over 25 successful data security
implementations at leading organizations in the payments industry, it
was a logical step to formalize the approach and to launch a
corresponding solution. To support this goal, the company has hired
seasoned industry experts, most notably the
former Chief Software Architect at VISA Inc
. With a world-class
technology and implementation team that continues to expand its talent
pool and roll out new and innovative solutions, comforte is
well-positioned as a leader in data security for the payments industry.

Learn more about comforte AG’s Data Security Offering for the Payments
Industry: https://www.comforte.com/industry-solutions/payments-industry/

About comforte

comforte AG is a leading provider of enterprise data security. Today,
more than 500 Enterprises worldwide rely on comforte to secure the
sensitive data they have been entrusted with. With more than 20 years of
experience in data protection and connectivity of truly mission-critical
systems, comforte is the perfect partner for organizations who are
determined to protect their most valuable asset: data.

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Contacts

Media Contact:
Thomas Stoesser
Email: [email protected]
Phone:
+ 49 611 93199 00


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