![]() ![]() “Payment security-with the proliferation of EMV, end-to-end encryption, and tokenization-continues to be a top priority for Verifone, as we are committed to protecting the billions of transactions that pass through our systems every month,” said Joachim Vance, Verifone’s Chief Security Architect and AES DUKPT co-designer. “AES DUKPT is a major improvement over the previously used algorithms because, among other benefits, it provides a much larger set of unique secret keys.” The main advantage of AES DUKPT is AES itself, as it provides the best security cryptography has to offer by supporting up to 256-bit keys, which are immune to all known methods of attack-even quantum computing attacks. “X9 is grateful to have members like Verifone that worked to develop this standard,” said Steve Stevens, the Executive Director of X9. It incorporates the AES cryptographic algorithm to encrypt transaction data with greater security and processing speed than Triple Data Encryption Standard DUKPT (“Triple-DES DUKPT”)-the former standard that is widely deployed by the financial services industry. Payment industry history with first AES DUKPT key management implementationĬo-designed by Verifone, AES DUKPT is a new security key management standard that was approved as an American National Standard in October 2017 by the Accredited Standards Committee X9 (ASC X9). ![]()
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