“We are very honored to bring PCI-validated P2PE encryption technology to Japan. This security solution is critical to protecting payment card acceptance devices across Japan from cyber-attacks,” said Ruston Miles, Chief Strategy Officer, Bluefin.
December 19, 2017
Bluefin Payment Systems, the leader in payment security, today announced the issuance of their first patent by the Japanese Patent Office on “Systems and Methods for Creating Fingerprints of Encryption Devices.”
The patent covers aspects of Bluefin’s PCI-validated Point-to-Point Encryption (P2PE) solutions, including Decryptx®, the company’s Decryption as a Service (DaaS) product for enabling their PCI-validated P2PE solution through processors, payment gateways, and software platforms. Decryptx enables any PCI/DSS provider to enhance their platform and offer Bluefin’s PCI-validated P2PE solution via a simple integration. Keyed, swiped, and EMV data from point of sale (POS) systems is protected via PCI-validated controls and encryption.
Bluefin was awarded its first U.S. patent in June 2016 on “Systems and Methods for Creating Fingerprints of Encryption Devices” and its second U.S. patent in October 2016 on “Systems and Methods for Decryption as a Service.” The company has since received another 4 U.S. patents including “Systems and Methods for decryption as a service via a message queuing protocol,” “Systems and Methods for decryption as a service via a configuration of read-only databases,” “Systems and Methods for decryption as a service via a hardware security module,” and “Systems and Methods for decryption as a service via a message queuing protocol” (continuation). Bluefin also has additional patents pending in the U.S., in Japan and in the EU.
The issued patent will cover Bluefin’s innovation in Japan, which relates to systems and methods for creating fingerprints for encryption devices, including an encryption device (payment terminal) operatively connected to a device management system – the P2PE Manager®, Bluefin’s proprietary, online device management system for clients to monitor the complete lifecycle of a payment device.
The patent is of particular value in the payment security industry. PCI-validated P2PE requires the payment device to be validated before decryption can be performed. Bluefin’s implementation actually creates a digital fingerprint by utilizing data provided by the encrypting devices to not only ensure the proper identification of the device, but also to ensure the provided data elements match to the device type. Should the match fail, the device is suspended from processing – thereby mitigating potential fraud.
“We are very honored to bring PCI-validated P2PE encryption technology to Japan. This security solution is critical to protecting payment card acceptance devices across Japan from cyber-attacks,” said Ruston Miles, Chief Strategy Officer, Bluefin. “Given the fact that Japan is hosting the Rugby World Cup in 2019 and the 2020 Summer Olympics, Japanese merchants and payment processing providers are implementing P2PE device encryption technology in preparation.”
Bluefin’s patent portfolio covers both Decryptx and the company’s P2PE Manager. Currently, Bluefin has over 50 processors, payment gateways and software platforms in the U.S., Europe and Latin America utilizing Decryptx to provide PCI-validated P2PE directly to their client base.
About Bluefin Payment Systems
Bluefin Payment Systems is the leader in payment security. The company specialize in PCI-validated Point-to-Point Encryption (P2PE) integrated and stand-alone solutions for retail, mobile, call center and kiosk/unattended environments, and secure Ecommerce technologies including transparent redirect, payment iFrame and tokenization. Bluefin is a Participating Organization (PO) of the PCI Security Standards Council (SSC) and is headquartered in Atlanta, with offices in New York, Chicago, Tulsa and Waterford, Ireland. For more information, please visit https://www.bluefin.com/.
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