Takes the Point-of-Sale out of PCI Scope
Cambridge, MA (PRWEB) July 21, 2014
Aurus, Inc announced that it has been named a finalist in the security for the 2014 Mass Technology Leadership Council (MassTLC) Technology Leadership Awards.
Aurus Inc. a global leader in innovative payment solutions has developed a new technology to protect a retailer’s POS (“point-of-sale”) from the threats of card data breaches. The retail POS has become a high profile target for cyber hackers during the past 12 months with major breaches reported at Target, PF Changs and many merchants. The AurusPay Patented technology: (US Patent # 8543461) takes the “POS out of PCI Scope”. The proprietary solution literally removes sensitive card transaction from traditional POS and mPOS systems. AurusPay enables the completion of transactions without the card data traversing through the store’s POS system. The issuance of a time dependant token facilitates card-less transactions that protects against catastrophic security breaches and increases consumer assurance.
MassTLC unveiled the finalists for the 17th annual awards last night during a cocktail reception hosted at the Microsoft NERD Center. Attended by hundreds of executives, technologists, investors, media, analysts and other members of the Massachusetts innovation ecosystem, this year’s award nominees represent the best of the region’s tech industry in 16 categories. A complete list of finalists appears on the MassTLC site: http://masstlcawards.org/2014/finalists
“Our congratulations to Aurus and to all the finalists of the 17th annual MassTLC Leadership Awards,” said Tom Hopcroft, president and CEO of Mass Technology Leadership Council. “Each one is an example of the executive leadership, business acumen and technological innovation fueling Massachusetts’ economy and an example of the breadth and depth of talent in our region.”
“Aurus is extremely honored to be nominated as finalist by MassTLC.” said Rahul Mutha, CEO of Aurus, “Our Company is dedicated to make the retail store POS secure while improving the overall shopping experience.”
Finalists were selected from hundreds of nominations, as judged by panels of executives, investors, analysts, media and thought leaders in each of the 16 categories who participated in the selection process. The pool of finalists will be further narrowed during the coming weeks, with winners announced on Thursday, September 11, at the MassTLC Leadership Awards Gala at the Westin Waterfront in Boston. Details and advance registration are available at http://www.masstlcawards.org.
Award categories for the 2014 Technology Leadership Awards include: CEO of the Year, CTO of the Year, Emerging Executive of the Year, Private Company of the Year, Public Company of the Year, Start-up to Watch, Innovative Technology of the Year – Big Data, Innovative Technology of the Year – Cloud, Innovative Technology of the Year – Education Technology, Innovative Technology of the Year – Healthcare and Life Sciences, Innovative Technology of the Year – Internet of Things, Innovative Technology of the Year – Mobile Applications, Innovative Technology of the Year – Mobile Technology, Innovative Technology of the Year – Robotics, Innovative Technology of the Year – Sales & Marketing, Innovative Technology of the Year – Security.
The 2014 Technology Leadership Award are sponsored by (Platinum) Aericon, Invest Northern Ireland, Microsoft, PwC and Skyscope, along with (Gold) CHEN PR, K Square Law, and Raytheon.
About The Mass Technology Leadership Council, Inc.
With more than 550 member companies, the Mass Technology Leadership Council (MassTLC) is the region’s leading technology association and the premier network for tech executives, entrepreneurs, investors and policy leaders. MassTLC’s purpose is to accelerate innovation by connecting people from across the technology landscape, providing access to industry-leading content and ideas and offering a platform for visibility for member companies and their interests. More at http://www.masstlc.org
About Aurus, Inc.
Aurus Inc. was established in 2000, with the vision to provide cutting edge, innovative technology solutions using economical development models. Aurus is headquartered out of the innovation corridor of Boston-Cambridge, MA, with development Centers in Pune, India. The company caters to clientele across the globe, including Fortune 2000 companies in retail, payments, healthcare and financial verticals. For more information on how Aurus’s innovative solutions, visit http://www.aurustech.com