New Delhi, September 11, 2025 – Futurex, a global leader in enterprise-grade data encryption solutions, today announced an expanded strategic partnership with Verifone, a leading global payments technology provider. This enhanced collaboration introduces remote, PCI PIN 32-9 compliant key injection capabilities for Verifone devices through Futurex’s advanced CryptoHub platform.
Industry-First Cloud-Native Key Management Solution
The partnership establishes Futurex as the first cloud-native platform certified to perform VRK-based (Verifone Remote Key) key injection on Verifone terminals. This breakthrough enables merchants worldwide to manage cryptographic keys at scale while maintaining the highest levels of security and regulatory compliance.
The integration combines Verifone’s proven VRK technology with Futurex’s scalable key management infrastructure, delivering a comprehensive solution that addresses the complex challenges of secure payment terminal deployment and maintenance.
Comprehensive Benefits for Global Merchants
The enhanced partnership delivers four key advantages to merchants and payment processors:
Centralized Management A unified platform for all key generation, storage, and injection operations, eliminating the need for multiple disparate systems and reducing operational complexity.
Simplified Operations Instant deployment of cryptographic keys across distributed Verifone devices, enabling rapid scaling and consistent security implementation across merchant locations.
Built-In Compliance Automated PCI PIN 32-9 compliance with integrated policy enforcement and comprehensive audit logging, reducing compliance burden and regulatory risk.
Operational Efficiency Significant reduction in manual injection complexity and associated costs, accelerating time-to-market for new merchant deployments and device updates.
Leadership Perspectives on Market Innovation
Jason Way, Vice President of Payment Cryptography Services at Futurex, explained the strategic significance: “Adding support for Verifone VRK key injection represents a natural evolution for our CryptoHub platform. Our customers now have access to a fully compliant, scalable solution for securely injecting and managing keys across Verifone devices while meeting PCI PIN Requirement 32-9. This advancement reduces field service costs and operational complexity while accelerating compliance with evolving PCI standards.”
Joachim Vance, Chief Security Architect at Verifone, emphasized the partnership’s impact: “Futurex’s CryptoHub integration represents a significant advancement in simplifying secure key management for Verifone terminals. By aligning with PCI PIN 32-9 requirements, this partnership empowers our customers to confidently deploy cryptographic keys while maintaining rigorous compliance and security standards.”
Addressing Critical Market Needs
The solution addresses growing market demands for streamlined payment security management as merchants expand globally and face increasingly complex regulatory requirements. Traditional manual key injection processes have become a significant bottleneck for large-scale deployments, creating operational inefficiencies and compliance challenges.
This partnership enables organizations to overcome these barriers through automated, remotely-managed key injection that maintains security integrity while dramatically improving operational efficiency.
Strategic Market Position
The collaboration strengthens both companies’ positions in the rapidly evolving payments security landscape. As digital commerce continues expanding globally, the need for scalable, compliant key management solutions has become increasingly critical for merchants, payment processors, and financial institutions.
About Verifone
Verifone is a leading global payments technology provider trusted by the world’s top brands and merchants. The company powers commerce experiences for merchants, fintech companies, and financial institutions across all payment channels through its flexible platform and extensive ecosystem.
With over 2,500 integrations and four decades of payments expertise, Verifone eliminates payment complexity and expands possibilities across every commerce touchpoint. The company processes $8 trillion in annual transaction value across 165+ countries, helping businesses of all sizes grow without limits.
Verifone’s comprehensive solutions enable distinctive commerce experiences wherever transactions occur, supported by continuous innovation and industry-leading security standards. Learn more at www.verifone.com and follow Verifone on LinkedIn, X, Facebook, and Instagram.
About Futurex
For over 40 years, Futurex has been an award-winning leader and innovator in the encryption market, delivering uncompromising enterprise-grade data security solutions to organizations worldwide. More than 15,000 organizations trust Futurex to provide groundbreaking hardware security modules, key management servers, and cloud HSM solutions.
Headquartered outside San Antonio, Texas, Futurex operates regional offices worldwide and maintains over a dozen data centers across five continents. The company delivers unmatched support for clients’ mission-critical data encryption and key management requirements, combining decades of expertise with cutting-edge innovation.
Futurex’s comprehensive portfolio serves diverse industries including financial services, government, healthcare, and retail, providing scalable security solutions that adapt to evolving technological landscapes and regulatory requirements.
