New Remote Key Injection Service for FinTech Acquirers in Europe, Middle East and Africa

· Tech

PAX Technology began preparing its Q2 launch of a cost efficient Remote Key Injection Managed Service by announcing that P4Cards has become the first Italian payment organization to begin migration of the Bancomat Certification Authority Certificate.

We have already begun leveraging the core state-of-the-art system of our new RKI Managed Service for our important Italian customer P4Cards”, said Andrea Zucchiatti, CTO for the EMEA Region at PAX, “a service which will very soon allow for the deployment of PIN keys and SRED data, such as point-to-point encryption (P2PE), to POS terminal hardware in any country and at any time”.

Davide Coati, Head of Service Lines at P4Cards, added: "The collaboration between the two market leaders, PAX and P4Cards, has allowed us to achieve this incredible result in a very short time". P4Cards manages an estate of over 200,000 point of sale terminals and is owned by the SIA Group, which acquired UniCredit’s e-money processing business in Italy, Austria and Germany.

The PAX RKI Managed Service will offer a more cost-effective, faster and a highly secure alternative to traditional local key injection. Significant cost reductions are achieved when keys are injected remotely, saving on shipping & administrative costs as terminals no longer move to-and-from a physical Key Injection facility.

Mark O’Flynn, VP Sales at PAX, concluded: “PAX has invested significantly in technology and experienced personnel in Milan, from where the RKI Managed Service will be hosted for the EMEA region, designed to flexibly accommodate the specific market requirements of any country across the region”.