ShieldConex® utilizes both hardware-based encryption and vaultless tokenization to secure Personally Identifiable Information (PII), Protected Health Information (PHI), and payment data entered online. ShieldConex immediately masks sensitive data upon entry through Bluefin’s hosted iFrame as a Service (iFaaS), ensuring that it never travels through a system or network as clear-text, where it could be accessible in the event of a data breach.
Seamless Data and Payment Protection
Reduce PCI Scope
ShieldConex removes credit and debit card information from your system and networks, which can reduce your PCI compliance scope up to 90% to an SAQ A, while providing you the ability to still utilize tokenized data for your internal business use. ShieldConex reduces the cost and time of compliance without affecting your operations.
Address Data Privacy Regulations
ShieldConex meets international and U.S. data privacy regulations by pseudonymizing, or “masking,” data at the point of online entry. This ensures that data passing through your system or network is de-identified and could not be exposed in the event of a breach. The theft of consumer data carries heavy fines and penalties across GDPR and CCPA.
Meet Nacha Rules
ShieldConex addresses Nacha rules for the protection of Account Data and Account Numbers not only in storage, but also upon entry into online web forms. New Nacha data security rules take effect in June 2021, with full implementation required by June 2022 for ACH Originators and Third-Parties with more than 6 million ACH payments annually.
ShieldConex includes 3D Secure (3DS) for Secure Customer Authentication (SCA) and addressment of Payment Services Directive 2 (PSD2) regulations. PSD2 requires European banks, financial companies and processors to implement multi-factor authentication for all proximity and remote transactions performed on any channel.
“ShieldConex can be an effective mechanism for a business to capture various sensitive data elements from a customer without ever handling these data elements in their own systems. Should the business wish to process such data or have access, this flexibility exists also. As such, it is a successful means to reduce scope or compliance regulations and outsource the risk of handling such data to a third party.”
Andrew McKenna, Foregenix
“Best Financial Transaction Security Platform”
ShieldConex has been selected as winner of the Best Financial Transaction Security Platform award in the fifth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, which recognizes the top companies, technologies and products in the global FinTech market today.