Intel preps new Technology to secure credit cards and transaction

Swiping credit cards or using payment systems like Apple Pay at stores could become much safer thanks to a new Intel system, which could also make it easier for retailers to secure data after transactions are completed. 

Intel has developed Data Protection Technology for Transactions, a hardware-software bundle designed to protect credit card and personal data from hackers when transactions are being authorized. 

Intel's hardware and software security platform is adaptable to multiple payment systems. It will be supported on the latest Atom and Core processors.

Working: 

Once a credit card transaction is made at a payment terminal, Intel's technology creates multiple layers of security to protect data. A POS terminal encrypts the data, which is transferred through a private tunnel to the credit-card processing company and ultimately to the bank authorizing the transaction.

Bundling on multiple layers of security minimizes the risk of data getting intercepted in the course of paying for products and services, said Bradley Corrion, platform solutions architect at Intel.

The technology can also be used to protect the transfer of customer information to data centers, where analytic and business intelligence applications can be used to identify buyer trends.