Payworks, a German payment technology firm, has rolled out a new service that will allow payment providers to build their own point-to-point encryption (P2PE) solutions for merchants.
The payments firm said that its new Point-to-Point Encryption (P2PE) offering for Decryption Management Services will save time and money as well as reduce the complexity of P2PE.
As a listed P2PE component provider, the payment firm allows providers building solutions with Verifone and Miura devices to integrate the Payworks components.
The P2PE component services of the firm are currently live in the market, and have been integrated into listed P2PE solutions.
Payworks CTO and co-founder David Bellem said: “At Payworks we always make sure payment providers have access to the most secure and advanced payment technology. Now, we have taken this one step further by providing the building blocks for P2PE solutions.
“We understand the broad scope of security compliance and work to ensure the burden and intricacy of P2PE is fully removed, enabling payment providers to enhance their solutions for merchants.”