Bluefin nabs patent for Decryption-as-a-Service
Point-to-point-encryption services provider Bluefin Payment Systems was granted a patent for what the company calls Decryption-as-a-Service (DaaS).
Known as Decryptx, the platform enables Bluefin customers to integrate the company’s PCI-validated point-to-point encryption (P2PE) service, which encrypts cardholder data, protecting that information in the event of a data breach. The system works with keyed, swiped or EMV data from POS systems. The issued patent relates to Bluefin’s Decryptx P2PE architecture as well as payment device and chain-of-custody management.
The patent is the latest milestone for Bluefin’s P2PE services platform. In March 2014, Bluefin became the first North America-based company to receive PCI validation for a P2PE solution. “After bringing PCI-validated P2PE to the merchant community in North America, we looked for ways to distribute this important security technology through payment providers across the industry,” says Ruston Miles, chief innovation officer, Bluefin.
“Our goal was to remove the re-integration headache of other P2PE solutions by requiring no change to the data flow between the merchant and their provider and delivering P2PE over existing rails. We solved this with our patented decryption as a service delivery model.”
Bluefin has five additional patents pending related to device encryption and management, the company says
