YESpay, the latest member of the WorldPay Group, has launched a new card data security solution with its Point-to-Point Encryption (PTPE) for UK’s retail environment.

The company claims that its new technology will protect sensitive card data from the time of capture until the entire payment processing cycle is complete.

The solution uses Ingenico IPP350 PIN Entry Devices (PEDs) to achieve card data encryption and decrypts the critical card data at the YESpay payment gateway within Hardware Security Modules (HSMs).

YESpay added that its latest solution complies with security recommendations specified by Visa ‘Data Field Security’ Best Practices and Payment Card Industry Security Standards Council (PCI SSC).

The company’s QSA, FortConsult will audit and validate the solution to PCI SSC. The audit is expected to complete in first half of 2014.

Chandra Patni, co-founder of YESpay and head of integrated terminal solutions and mobile payments at WorldPay Group, said: "Our fixed and mobile PTPE secured integrated payment solutions are based on open standards rather than proprietary techniques.

"By effectively removing clear card data from the retailers network, we have helped them to significantly reduce the effort required in achieving PCI DSS compliance and effectively taken the retail POS networks out of scope."