RBS WorldPay Chooses Semtek for End-to-end Security
RBS WorldPay, the US-based payment processing division of The Royal Bank of Scotland Group, has signed a multi-year agreement with Semtek to supply the merchant acquirer with end-to-end security services and infrastructure for RBS WorldPay US merchants.
Semtek’s Cipher Decryption Service (CDS) is being installed on RBS WorldPay’s host systems to capture transactions that have been encrypted in multiple formats. Point-of-sale (POS) encryption occurs entirely within the Tamper-resistant Security Module of the payment device or at the encrypting read head, and no decryption occurs until the transaction is within the RBS WorldPay host environment.
Ian Drysdale, senior vice president of RBS WorldPay, said: “RBS WorldPay intends to provide the merchant community with the most flexible and effective means of continuous security for payment card data. With Semtek’s large, and growing, installed base of merchants, we have a proven solution and a highly strategic partner whose product road map will benefit us for years to come.”