Intel’s new security service makes electronic payments safer

Intel claims to have developed a new hardware-software bundle that will make electronic payment transactions more secure for retailers. The new system, called Data Protection Technology for Transactions, has been designed to protect credit card and personal data from hackers at the moment transactions are authorised.

The technology is adaptable to multiple systems and will be marketed to point-of-sale platforms, PCs and mobile payment terminals. NCR, the largest manufacturer of payment terminals, has already agreed to adopt the security service. The data protection works by using multiple layers of security to minimise the risk of interception. The POS terminal first encrypts the data, which is then sent through a private tunnel to the credit-card processing company and then forwarded to the bank authorising the transaction.