Utimaco, a global provider of cybersecurity and compliance solutions, has its Payment HSM as a Service (Payment HSMaaS) available on IBM Cloud for Financial Services. This addition aims to bolster security and help support compliance obligations for financial institutions and payment service providers globally.
Utimaco’s Payment HSMaaS, a fully cloud-hosted, PCI-compliant service, provides an alternative to operating on-premises Payment HSMs in customers’ data centres. It helps to reduce investment in hardware, facilities, and management resources while reducing the burden of PCI compliance, audit, and support.
“We are excited that our Payment HSMsaS is available on IBM Cloud, reinforcing our commitment to providing cutting-edge security solutions for the financial sector. By offering our solution within IBM Cloud, we are providing financial institutions with a deployable, scalable, and enhanced payment security framework.”
-Håcan Tiwemark, COO at Utimaco
About the solution
Payment HSMs are tamper-resistant hardware devices used to protect the cryptographic keys and operations that underpin card payment ecosystems, including:
- PIN translation and verification
- EMV key generation and management
- Payment message authentication
- Card issuance and personalization
- Secure cryptographic key storage and injection
Certified under PCI PTS HSM standards, these devices are a mandatory requirement for any organization involved in handling or processing payment credentials.
Traditionally, Payment HSMs have been deployed on-premises which comes with dedicated costs for hardware and complexity in their management, limited options to scale, and the risk of underutilization. For some businesses that model no longer aligns with the needs of agile, cloud-first financial institutions.
Utimaco’s Payment HSMaaS – Now Natively Available on IBM Cloud
Utimaco, one of the world’s leading HSM providers, now offers its Payment HSMaaS as a native listing in the IBM Cloud Catalogue. This allows IBM Cloud customers to:
- Provision PCI-certified Payment HSM capabilities on demand
- Avoid the burden of physical hardware procurement and maintenance
- Easily integrate with payment applications via proven multi-vendor APIs
Learn more about the joint solution here: utimaco.com/ibm-payment-service-solution-kit
For technical details and pricing visit: Standard Live Payment HSM Service - IBM Cloud
To consult with our experts visit: IBM Cloud for Financial Services