Futurex Becomes Provider for PCI PIN 32-9 Compliant Direct Key Injection for PAX Devices

 

San Antonio, Texas – September 9, 2024 – Futurex, a global leader in enterprise data security, today announced a strategic partnership with PAX Technology, Inc. (PAX), a leading global provider of electronic payment terminals and transaction solutions.

 

Futurex recently engaged PAX to help them provide Secure Injection Protocols, ensuring full compliance with PCI PIN 32-9 regulations for third-party vendors.

 

The Futurex Key Injection Solution meets the PCI PIN v3.1 requirements, specifically control objective 32-9. This partnership enables PAX and its partners to securely inject encryption keys into Point of Interaction (POI) devices, ensuring the highest level of payment security.

 

Pivotal Impacts of the Futurex-PAX Partnership:

  • PCI Compliance: Futurex is capable of directly injecting PAX devices in compliance with PCI PIN 32-9, a critical requirement for payment security.
  • Increased Security for Payment Terminals: This partnership directly addresses the need for secure key injection, reducing the risk of fraud and data breaches across the payment industry.
  • Industry Leadership: PAX reinforces its commitment to secure, compliant solutions by partnering with Futurex to establish a benchmark for secure payment technology.

 

"As the payment industry evolves, security and compliance remain crucial," said Jason Way, VP of Payment Cryptography Solutions at Futurex. "Our partnership with PAX secures the future of payment transactions. Together, we ensure that our customers operate with the highest level of trust and confidence."

 

"PAX Technology, Inc. is thrilled to introduce a secure key injection solution through Futurex that ensures compliance with PCI PIN 32-9," said LeAnn Hostetler, Chief Security Compliance Officer at PAX Technology, Inc. “This solution will provide our customers and their merchants with a reliable and secure option that aligns with PAX’s commitment to maintaining the highest security standards.”

 

Futurex Key Injection Solution: Futurex's encrypted key injection protocol, now integrated with PAX's payment devices, provides a streamlined and compliant method for managing encryption keys. Available as both an on-premises appliance and a cloud-based service, this solution allows organizations to achieve PCI compliance swiftly and efficiently.

 

To learn more about how Futurex can make your organization more efficient and PCl-compliant, visit https://info.futurex.com/key-injection-compliance-2024.

About PAX Technology: PAX Technology, Inc. is one of the largest electronic payment solution providers in the world, with 70 million terminals located in over 120 countries. As a leading global manufacturer of payment solutions, we are committed to delivering innovative, high-quality, and secure payment solutions to businesses, large and small, worldwide. To learn more visit www.pax.us.  

 

About Futurex:

For over 40 years, Futurex has been an award-winning leader and innovator in the encryption market, delivering uncompromising enterprise-grade data security solutions. Over 15,000 organizations worldwide trust Futurex to provide groundbreaking hardware security modules, key management servers, and cloud HSM solutions.

 

Futurex is headquartered outside of San Antonio, Texas, with regional offices worldwide and over a dozen data centers across five continents and delivers unmatched support for its clients’ mission-critical data encryption and key management requirements.