Outdated payment systems pose risks like downtime, limited scalability, and regulatory challenges. As demands for speed and innovation grow, legacy infrastructure can hold institutions back. This article highlights why modern, flexible solutions like EFTlab’s EFThub are essential for future-ready payment processing.

EFTlab has transitioned to a cloud-native payment system using AWS Graviton2 processors, leveraging the ARM64 architecture. This change offers significant benefits, including better price performance, up to 60% lower energy consumption, and extensive software support.

EFTlab is excited to announce the expansion of our service offerings, responding to the dynamic demands of the financial sector. Our latest advancements integrate next-gen payment technology with deep industry expertise and range of managed services, marking a significant leap in payment solutions.

EFTsim transitioned from a thick client to a thin client architecture to improve efficiency and scalability in financial services. This transition, part of a broader trend towards server-side computing, reflects EFTsim's commitment to adapting to the evolving needs of the digital landscape.

EFTlab has successfully complied with the PCI DSS - Secure Software Standard v1.1 and has transitioned from the old PA DSS program to be listed on the PCI Security Standards website. The new PCI Software Security Framework (SSF) encompasses standards that enhance software security in payments, replacing the older PCI Payment Application Data Security Standard (PA-DSS).

The payment security landscape, particularly in ATMs and POS systems, is evolving with the PCI-PIN V3 standards. TR-31 enhances encryption key transmission with a phased rollout targeting a 2025 complete implementation. TR-34 offers a unified method for key storage, distinctively using asymmetric encryption and a unique dual header for added security. As industry standards shift, EFTlab is updating its tools to help users adapt.