Release of a Highly Secure Payment Processing Solution for Smart Phones
Asterisk Inc., Star Micronics Co., Ltd. and Zeus Co., Ltd. have jointly developed the highly secure payment processing application system for smart phones named Pit Pay. The Pit Pay solution solves a very difficult security problem that other services have struggled with in the past.
Star’s portable printer used in this solution, the SM-S200 equipped with a magnetic stripe reader, provides a very unique high encryption technology with the support of 128-bit 3DES Encrypted Data Transfer, an intelligent extra layer on top of its standard Security Mode 3. 128-bit 3DES provides an unparalleled safeguard to sensitive payment applications by encrypting card data as soon as it is collected by the printer. This technology also features the ability to assign a PIN with a maximum of 16 digits, resulting in the highest level of security on a portable printer available at this time.
Further empowering this fortified solution, Zeus’ PCI DSS compliant payment processing system offers a heightened security solution for the reading and processing of card data. PCI DSS (Payment Card Industry Data Security Standard) is the global data security standard that was set and administered by the PCI Security Standards Council. This council was founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., and has been adopted by payment card brands for all entities that process, store or transmit cardholder data.
Enhanced by Star’s and Zeus’ proven technologies, Pit Pay goes beyond just securing portable terminal card transactions by providing a total solution to manage merchant contracts, transactions and sales profit control for payment card companies. Asterisk is also planning to release a store management system version of Pit Pay named “Salasee” for the iPhone and Android, providing a low cost and highly secure POS management system available anywhere at the touch of the fingertips. The 2011 target of the Pitpay Salasee integration is 1,000 companies.
About the Pit Pay Partners
Asterisk Inc., directed by President Noriyuki Suzuki, is headquartered in Yodogawa-ku, Osaka-City, Osaka Prefecture and is recognized as a respected system integrator in the mobile solution industry. Star Micronics Co., Ltd. is an established leading manufacturer in the Point of Sale industry and is directed by President Hajime Sato at the Suruga-ku, Shizuoka-City, Shizuoka Prefecture global headquarters. Zeus Co., Ltd., directed by President Kazuyoshi Jibiki, is headquartered in Shibuya-ku, Tokyo Metropolis and has established itself as an esteemed credit payment service provider.