Business & Tech
Report: South Jersey Based Firm's Secure Payment Checkout Could've Aided Target During Breach
The company's technology provides instant encryption, as opposed to the second or two that allows a user's information to be stolen.
GoEmerchant, a payment solutions firm based in Cherry Hill, says Target could’ve avoided the security breach it suffered over the holidays had it used a software developed by the firm, the Courier Post reports.
The technology developed by the firm enables information from a credit card to be encrypted as soon as it hits the head of a scanner. A GoEmerchant regional manager told the Courier Post that when a credit card is swiped at a big box store, there is a second or two in between the swipe and the encryption of information, allowing for the possibility for the information to be stolen.
Target’s profits have been declining since a security breach over the holiday shopping season led to theft of information of at least 40 million credit card users who shopped at Target.
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When GoEmerchant launched in 1995, it was an Internet shopping-cart company, according to the report. It continues to offer that service, but is also a “one source payment solutions provider, according to goemerchant.com.
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