Paying for tuition, books, athletics and even meals on campus has changed drastically in the last 20 years. Gone are the days of quarterly checks sent in the mail for semester payments or dining plans. Today, parents and students require the convenience of paying online, over the phone, and in person.
But as electronic payment acceptance in universities has risen – so too has fraudsters’ interest in the vast amounts of data that universities are now processing through multiple departments and locations. In 2015 there were over 58 educational institutions that experienced data breaches. The leading cause – 60% of the breaches – was malware.
Bluefin’s PCI-validated P2PE solutions encrypt cardholder data at the Point of Interaction (POI) in a PCI approved P2PE device and decryption is done in an approved Bluefin Hardware Security Module (HSM) located outside of the university’s payment environment. Our solution prevents clear-text cardholder data from being present in a university’s system or network where it could be accessible in the event of a data breach. Bluefin offers a full suite of P2PE payment products to meet the needs of today’s educational institutions.