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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.

Report: South Jersey Based Firm's Secure Payment Checkout Could've Aided Target During Breach
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.

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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