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.