Designed for central banks and clearing houses to secure account-based transactions, Payment Account Tokenization is a comprehensive software solution that replaces sensitive account numbers with unique tokens and reduces the risk of fraud for transactions including direct credit, direct debit and person-to-person (P2P) payments.
Built around a custom RISC-V CPU, the Rambus CryptoManager Root of Trust (CMRT) is at the forefront of a new category of programmable hardware-based security cores. Siloed from the primary processor, it is designed to securely run sensitive code, processes and algorithms. More specifically, the CMRT provides the primary processor with a full suite of security services, such as secure boot and runtime integrity, remote attestation and broad crypto acceleration for symmetric and asymmetric algorithms.
Robust security starts with the design of the SoC and continues with the manufacturing supply chain. Our CryptoManager™ Security Engine is a high-security silicon IP core that is integrated into the SoC of an intelligent device, such as the application processor of a smartphone or a tablet. It includes a hardware root-of-trust, providing the device with a secure endpoint. The Security Engine addresses critical device security needs, including the provisioning and management of cryptographic keys, authorization of debug modes, and programming across manufacturing stages, including wafer test, package test, device assembly, and return authorization.
Brick-and-mortar merchants are in the midst of a period of unprecedented disruption. Long-term structural trends mean that retailers must address decreasing revenues and escalating costs, while evolving the in-store experience to meet the demands of the connected consumer.
For this reason, transformative technologies such as mobile scan-and-go solutions are coming to the fore, with deployments across the world gaining momentum.
The development of smart devices and the increasing possibilities of its features has lead to a search for a new frontier for technology. The idea of wearable technology has existed in science fiction and other speculative fiction, but only recently has wearable technology became a reality this decade with the introduction of wearables such as smartwatches. The development of smartwatches has not only lead to features such as checking notifications without pulling out one’s smartphone, but also an extended mobile payment platform where they can touch their smartwatches to a payment terminal.
Tokenization is a process by which sensitive data is replaced with unique identification credentials that retain all essential information about the data without exposing said sensitive data to attacks. While traditional payment methods pass critical identification information through several points, tokenization minimizes the amount of data a business needs to keep on hand. Becoming popular with small and mid-sized businesses since it can strengthen the security of credit card and e-commerce transactions while keeping costs low, tokenization can expand beyond the world of payments.