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Thales Hardware Enables Marqeta To Deliver A Unique And Innovative Payment Solution

How Thales payment HSMs Provided The Flexibility And Global Payment Network Interoperability This Fast-Growing Company Needed To Develop a Solution That Would Revolutionize The Industry.

The Challenge: find a Card Payment Security Solution That Could Promote Innovation and Confidence

The founders of Marqeta wanted to do something in the card payment space that had never been done before: create a card issuing and payment system that had multiple closed loop and open loop accounts on a single card. This new model would combine a nearly unlimited amount of prepaid, debit and credit accounts into a single piece of plastic. When a Marqeta-enabled card would be swiped at a Point of Sale (POS) terminal anywhere in the world, within a split second the company would be able to identify the cardholder and merchant, and authorize a transaction based on sequestered funds available or on restricted rules for the merchant.

But securing the system would be the challenge. Even as Marqeta sought to revolutionize the payment network, a tried and true payment security and information protection technology was essential to widespread adoption. Marqeta’s security technology had to be a strong, stable platform that could enable real-time, dynamic processing of card information, while also being able to operate with the standard payment network used by all the other players in the space.

The Solution: Thales Payment Hardware Security Modules.

To secure its new payment system, Marqeta chose Thales payShield 9000 hardware security modules (HSMs). As the most widely deployed payment HSM in the world, the payShield 9000 provides Marqeta with a solution that communicates with merchants, issuers, and acquirers worldwide. As an external peripheral supporting a wide range of hosts including mainframes and servers, it provided the interoperability and high assurance Marqeta required for POS credit and debit card transactions.

Key Benefits

  • Achieve comprehensive, certified security specially designed for card issuing and payment processing.
  • Maximize business continuity with redundant hardware, field serviceable components, and support for clustering and failover.
  • Streamline deployment and maintenance and reduce the cost of compliance.
  • Reduce costs by paying only for the capacity you need, choosing from a range of scalable, high-performance models.
  • Get off-the-shelf support for all major payment applications.

With cryptographic functionality and management features that meet or exceed the card application and security audit requirements of other major international card schemes, payShield 9000 enables Marqeta to gain the trust of key players throughout the payment industry.

With security provided by Thales HSMs, Marqeta today is the platform for payment innovation. The company has expanded the platform going beyond multi-merchant commerce capabilities to enable a host of dynamic spend controls and advanced processing capabilities. The platform is powering a number of popular card solutions for some of the world’s largest brands and retailers.

About the solution

Designed specifically for payments applications, payShield 9000 from Thales eSecurity is a proven hardware security module (HSM) that performs tasks such as PIN protection and validation, transaction processing, payment card issuance, and key management. payShield 9000 is the most widely deployed payment HSM in the world, used in an estimated 80% of all payment card transactions. The payShield 9000 design benefits from over 25 years of Thales experience with payment system security, giving organizations confidence in a state-of-the-art solution that delivers an ideal combination of security and operational ease. The payShield 9000 device is deployed as an external peripheral for mainframes and servers running card issuing and payment processing software applications for the electronic payments industry—delivering high assurance protection for Automated Teller Machine (ATM) and Point of Sale (POS) credit and debit card transactions. The cryptographic functionality and management features of payShield 9000 meet or exceed the card application and security audit requirements of the major international card schemes, including American Express, Discover, JCB, MasterCard, UnionPay, and Visa. payShield 9000 is certified to FIPS 140-2 level 3 and is also available in configurations certified to the PCI HSM specification as published by the PCI Security Standards Council.