Intel has launched a new data protection solution, which provides end-to-end encryption of consumer and financial data that is built into the POS platforms.
The new solution, known as Intel Data Protection Technology for Transactions, has been developed in partnership with NCR.
It combines software optimized for retailers with Intel hardware, including Intel Core and select Intel Atom processors, to deliver a higher level of security from the start of a transaction until transaction data is stored on a bank server.
"The new technology adds an extra layer of software to protect the payment process, complementing current retail investments in EMV credit card authorization, tokenization and other data protection technologies," Intel said in a statement.
Intel Data Protection Technology for Transactions helps mitigate risks by establishing a secure pipeline through which transactions can request payment authorization and provides a common security management capability for retailers to utilize regardless of the original POS or peripheral vendor.
The solution supports all modern forms of credit and debit payment including EMV, magnetic stripe and NFC transaction readers, including Google Wallet, Softcard and Apple Pay.
Michelle Tinsley, director of mobility retail and payments at Intel, said: "This solution introduces a significant improvement in today’s retail transaction data protection without costly hardware upgrades, and provides retailers a path for adopting new Internet of Things technologies."