Payment Data Security
Protect your customers and your business with ProtectPay®
Each year, new regulations are introduced requiring companies to assume greater responsibilities for the protection of consumer data – credit card data, debit card data and banking information used for ACH or e-check payments. While these regulations help to protect the customer, they often represent a significant resource drain on businesses. Time, staff and budget must all be allocated to ensure that the data is protected. Many smaller businesses face challenges in understanding the complex regulations and how to achieve compliance. Fortunately, ProPay’s experience and expertise in securing sensitive data can now be leveraged by businesses of all sizes, through the use of ProtectPay, a secure, end-to-end payment processing solution.
ProtectPay, ProPay’s end-to-end encryption and tokenization service, replaces existing payment card, ACH, and other sensitive payment data with tokens. ProtectPay offers organizations the ability to securely process payments without incurring the risk that is often associated with the transmission and storage of sensitive cardholder data. Implementing ProtectPay may enable companies to reduce their PCI DSS compliance efforts, because no sensitive cardholder data is stored, processed, or transmitted by the merchant. ProtectPay also serves as the foundation of all of ProPay’s mobile solutions, including the ProPay FLASH and ProPay JAK™ readers, as well ProPay® Link, the social m-payment application.
ProtectPay’s Features and Benefits
Secure Storage of Customer Data – ProPay has been certified as PCI DSS compliant since 2004. As an early adopter of the industry’s data security standards (beginning with the Cardholder Information Security Program), ProPay has developed a core competency in the protection of payment card data.
Alternative Payment Information – ProtectPay provides the ability to store multiple payment methods (payment card or ACH) per customer.
Encrypted Data Collection Method –ProtectPay encrypts sensitive data from the point of entry, whether online or in-person, so that the merchant organization never has to store, process, or transmit cardholder data.
Flexible, Scalable Platform – ProtectPay does not require that the merchant account is held at ProPay. While ideally the merchant would select ProPay for both processing and the encryption and tokenization solution, ProtectPay can act as a processor agnostic secure payment platform.