US based IT software provider Akamai
Technologies has teamed up with payment management provider
CyberSource to launch a tokenized electronic payment security
service. 

Integrating its cloud-based technology with
tokenization solutions from CyberSource, Akamai’s Edge
Tokenization solution converts credit card data to a token prior to
web transactions landing on a merchant’s infrastructure. This
helps merchants reduce information theft, compliance risk and
costs.

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“We’ve always maintained merchants shouldn’t
seek to secure payment data, but instead, eliminate contact with
it,” said Michael Walsh, president and chief executive officer,
CyberSource,

“Akamai’s Edge Tokenization automatically
combines the concept of hosted payment acceptance and payment
tokenization with cloud-based web infrastructure, making it easy
for online merchants to meet compliance requirements with less
cost, complexity and time.”

Edge Tokenization enables consumer credit card
data to be identified and replaced with an anonymous token, which
along with the true card number, is stored in a secure data vault
managed by the tokenization provider.

Akamai’s focus on next-generation, cloud
security has produced the industry’s first offering that
automatically incorporates these technologies as a part of a
merchant’s web infrastructure, making it easier for merchants to
adopt and maintain an Enterprise Payment Security 2.0 strategy.

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“Meeting stringent PCI compliance standards
often takes repeated efforts, significant investment, and regular
maintenance, translating into high costs and significant IT
resources,” said Tom Leighton, chief scientist and co-founder,
Akamai. 

“We developed Edge Tokenization as a cost
efficient solution for web retailers to complete transactions in
the cloud securely and at scale, without sacrificing
performance.”