Hardware Security Module (HSM)

Hardware Security Modules (HSM) are the pinnacle of BACS submission security and automation. Implementing a Hardware Security Module into the BACS payment process allows you to automate as much as you are comfortable with.

At Interbacs, we are utilising HSMs to help the public sector and larger organisations streamline complex payment processes and improve system performance. This has helped organisations to realise cost and time efficiencies and boost their digital data security.

Hardware Security Modules are transforming how organisations manage substantial financial operations, delivering enhanced security and operational efficiency. Many of our clients have encountered significant challenges as financial workloads have increased. Security remains paramount, particularly in light of evolving data protection regulations and the growing demand for robust data storage and secure file transfer protocols, to mitigate the rising threat of cyberattacks.  Risks can be minimised or negated by limiting the need for use of physical smart cards. 

Many of our clients’ finance departments reported recurring incidents of human error and preventable oversights, largely a result of processing high volumes of payment files or submissions in conjunction with their core business responsibilities. Switching to a Hardware Security Module as a Service (HSMaaS) solution has and continues to be revolutionary for businesses with complex BACS payment processes, allowing them to reduce errors, tackle scaling workloads & better manage disaster recovery processes. 

The HSM integrates into your payment file submission process and works alongside our Interpay software to fully automate the process. Stored certificates and cryptographic keys (public/private keys) are automatically called upon and checked at key steps to validate and authorise submissions. Segregation of duties and role based permissions are implemented automatically and your desired reports are generated and actioned automatically for you to view within Interpay DDMS.