Malaysia is moving forward in transforming itself into a contactless society. In line with this trend, homegrown digital economy enabler, Cardtrend Systems, aims to assist businesses in developing digital transaction innovations that will help strengthen their relationship with clients, while ensuring growth in a fast-paced business environment.
Despite the current accelerated adoption of digital tools and processes, there are still plenty of businesses that have yet to integrate with the digital world amidst ongoing concerns of security compliance and data breaches. In fact, a survey by Trend Micro Incorporated revealed that 73% of organisations in Malaysia reported that they are likely to experience a data breach that impacts customer data in the next 12 months.
Cardtrend Systems provides solutions like its iAuth, iPricer and iCrypto modules that can help businesses innovate and build a secure payment ecosystem for their platforms. Through these modules, Cardtrend Systems can process, authorise and monitor high-volume asynchronous transactions as well as configure complex pricing structures which helps businesses build a comprehensive and efficient payment ecosystem.
Its newest software and service offering, iCrypto targets cloud migration of Payment Hardware Security Module (HSM) in the Southeast Asia region. This ensures data confidentiality every time there is an exchange of data between two parties and helps build a secured environment for various financial functions.
“Businesses today are finding it difficult to keep up with the speed of change that often comes with the accelerated adoption of digital tools and processes. Through iCrypto, we aim to provide a convenient way for businesses to migrate the legacy system progressively with hardware security modules, allowing them to implement upgrades in a flexible manner and keep its pace in a highly changeable business environment. More than that, we aim to make monitoring and processing transactions as seamless and as efficient as possible,” said Chee Yong Mok, managing director of Cardtrend Systems.
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