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Intel preps new technology to secure credit card transactions

Agam Shah | Oct. 16, 2014
Intel's Data Protection Technology for Transactions works with Apple Pay.

Another benefit of Intel's technology is systems management in a secure manner, Buzek said.

Intel's technology can accept payments only from recognized terminals with the security layer, locking out unauthorized payment systems.

"Many of the vulnerabilities that exist from our desire to plug and play go away. And as the number of devices radically expands due to kiosks, beacons, wayfinders, cameras, mobile devices and payment devices, this provides a sort of Big Brother oversight to all of your legitimate devices," Buzek said.

The software layer on the chip can be updated with the latest firmware to keep up with the latest encryption algorithms. Intel uses a number of data encryption technologies to scramble data, including the widely used SSL (Secure Sockets Layer), SHA-256 and AES-256 and RSA cryptography technology.


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