EUGENE, Oregon, April 17, 2025 /PRNewswire/ -- Prime Factors and Thales have announced an exciting expansion of their collaboration aimed at enhancing the security of payment applications. This partnership will see Thales offering Prime Factors banking card security system through its extensive global distribution networks. This innovative software solution is designed to streamline the orchestration of payment security in customized payment applications, empowering developers to create secure payment solutions efficiently.

We strive to provide our customers with tools that enable the rapid and straightforward implementation of payment security, stated Todd Moore, Vice President of Data Security Products at Thales. The banking card security system offers a robust infrastructure that secures payment processes on the application side. It works exceptionally well alongside our hardware security modules (HSM) payShield. By accelerating application development, simplifying compliance with security regulations, and featuring pre-built integrations with our payShield HSMs, this system makes it easier for businesses to implement and manage hardware payment security effectively.

The banking card security system comes equipped with essential security features that are ready for immediate use. These capabilities are particularly beneficial for developers aiming to build secure payment applications in a reduced time frame. Key features include:

  • Robust Payment Key Management and Secure Storage: Ensures that sensitive payment keys are managed and stored securely.
  • Granular Role-Based Access Control: Provides meticulous control over user permissions and enforces access rights effectively.
  • Logging and Audit Trail Functions: Facilitates comprehensive tracking and documentation of all system activities.
  • High-Level API and Pre-Built Workflows: Offers swift integration with payShield HSMs through user-friendly interfaces.
  • Load Balancing in Cloud, On-Premises, and Hybrid Deployments: Ensures optimal performance across various deployment models, enhancing scalability.

James Torjussen, Product Manager for the payShield service at Thales, remarked, When Thales launched the cloud-based HSM service for payments, it became evident that the banking card security system was a key differentiator. The load balancing capabilities and deployment flexibility of this system allow our joint customers to manage their cloud migration efforts more effectively. They can move capacity, specific functionalities, or particular environments to the cloud seamlessly and at a pace that aligns with their business needs, all without the complex reworking of applications. The banking card security system adeptly supports deployments in cloud and hybrid cloud settings while providing robust failover capabilities that minimize downtime, reduce costs, and mitigate risks associated with cloud migration.

Jose Diaz, Vice President of Products and Services at Prime Factors and a former head of payment strategy at Thales, commented on the historical reliability of the banking card security system, saying, Having withstood rigorous testing from security auditors for decades, this system is ideally suited for enterprises that develop and manage their own payment applications. By leveraging the banking card security system, businesses can accelerate revenue generation, reduce risks, and lower both implementation costs and total cost of ownership over time. Collaborating with Thales business partners, who assist companies in simplifying their payment security infrastructure, feels like a natural progression in our more than 30-year collaborative journey.

For more detailed information, please refer to the technical specifications overview of the solution or visit our official websites.

Media Contacts:

Kyna Reuter
kyna.reuter@thalesgroup.com

Erik Kingham
erik.kingham@thalesgroup.com