Leumi-card chooses ARX PrivateServer HSM to secure migration to EMV cards

Leumi-Card, a wholly owned subsidiary of Israel's Bank Leumi Group, has chosen ARX's PrivateServer HSM technology to enable the secure migration of a new smart card-based Payment Card system.

Credit card issuers and acquirers are moving to the new EMV standard for smart card-based credit cards in order to reduce fraud levels and to comply with Visa International and Mastercard International regulations.

"PrivateServer is ARX’s highly secure (FIPS-validated), HSM solution," says Gadi Aharoni, CEO, ARX, a global provider of digital signature and data security solutions. "Our HSM solution can secure the entire life-cycle of EMV cards, including the card personalization process, card issuance, online authorization, risk management systems and more." 

PrivateServer has the high cost performance capabilities the HSM market needs for card processing applications. It can support, depending on the environment, more than 2000 typical card transactions per second, an important feature for financial companies with high volume card usage. 

In addition, Leumi-card was looking for an HSM solution that could easily replace a number of old, iSnadaptable HSM solutions, as well as support EMV applications on multiple platforms including: Windows, Unix and Mainframe MVS.

Commenting on the solution, Itai Sela, EMV Project Manager, Leumi-card, says, "PrivateServer gives Leumi-card the ability to interface with variety of partners and solutions to provide a complete, highly secure, EMV system capable of easily meeting emerging standards such as EMV and EMVCAP.

"Despite our heterogeneous requirements, the ARX solution provides for centralized and user friendly management of the HSM system," he adds.

ARX PrivateServer HSM is already in use in financial applications worldwide including Setefi of the Intesa Banking Group, Polcard, Cetrel, G&D Spain and Getronics, among others.

Leumi-card Ltd. is one of Israel’s leading credit card companies fully owned by Bank Leumi, the country’s oldest bank (since 1902) and one of the two largest credit card companies in the country. The company issues and distributes Visa, Mastercard and Amex cards. The company has more than 1.2 million private customers and gives services to some 39,000 businesses.

About PrivateServer™

PrivateServer is ARX’s highly secure network attached, Hardware Security Module (HSM) that provides a secure environment for conducting sensitive cryptographic operations, secure key storage and management of a large number of keys.

PrivateServer provides a cost-effective, highly secure (FIPS validated), and reliable solution. PrivateServer offers solutions to a versatile range of industries: financial, commercial, and governmental. More information about PrivateServer is available here

About Algorithmic Research (ARX)

Algorithmic Research (ARX) is a leading global provider of electronic-signature and data-security solutions. The company offers a wide range of high-end and state of the art products and services designed to simplify, secure, and accelerate electronic transactions. ARX specializes in designing and implementing easy to use, simple to deploy, electronic signature and security solutions, combining software and hardware products, for small, medium and large computing environments.

ARX has more than 18 years of experience in assisting financial institutions, governmental organizations and commercial sectors to secure and streamline their processes and transactions.