Welcome!

Cloud Security Authors: Elizabeth White, Yeshim Deniz, Pat Romanski, Zakia Bouachraoui, Liz McMillan

Related Topics: Cloud Security

News Feed Item

Payment Processing, Inc. Unveils Comprehensive Point-2-Point Cardholder Data Security Program for Integrated Payment Processing

Strategic Program Provides Security Products and Services for Application Software Developers; Could Eliminate PCI Compliance Requirement

LAS VEGAS, NV -- (Marketwire) -- 07/14/09 -- RSPA RetailNOW -- Payment Processing, Inc. (PPI), the industry leader in integrated payments, today announced a comprehensive security program -- the PPI Point-2-Point (P2P) Cardholder Data Security Program. The program is designed to help application software developers enhance product security functionality and achieve Payment Card Industry (PCI) compliance at a fraction of the cost with the potential of removing the compliance requirement.

The PPI program is intended specifically for software developers and their customers, and provides them with:

--  An all-inclusive security solution that addresses the domain of the
    software application -- point-2-point (card data in transit between the
    application and the payment gateway).
--  Products that can be used to encrypt all types of credit card data
    prior to use by the software application.
--  The ability to differentiate their software applications by adding
    significant security functionality.
--  The opportunity to reduce PA-DSS compliance costs and, over time, to
    eliminate the need for compliance.
--  Developer assistance and a free SDK for implementing these products.
    

"The security needs for application software developers are unique and complex," states Chuck Riegel, PPI's executive vice president. "Our software partners are counting on us to help them navigate the security issues they face and provide them with robust, comprehensive solutions that maximize their limited development resources and reduce their cost of compliance."

The program is based on these foundational assumptions:

--  Leveraging strong encryption to secure credit card data at the point
    of swipe, the earliest part of the transaction, reduces the scope of PCI
    compliance for the software developers and merchants.
--  All types of credit card data must be secured, including credit swipe,
    hand keyed, debit, recurring and e-commerce.
--  If card data is encrypted and never in the clear, then the application
    is not storing, processing or transmitting card data and, therefore, is out-
    of-scope for PCI compliance.
    

The PPI Point-2-Point Card Holder Data Security Program encompasses a series of new product offerings available with the PPI PayMover Payment platform, complemented by an industry-first PCI Compliance Relief initiative to help application developers achieve PCI compliance at a fraction of the cost.

The PPI PayMover-based technologies include:

Data Encryption

MagneSafe(TM) technology, available through a partnership with MagTek (magtek.com), uses open standards encryption to encrypt credit card track data within the reader, ensuring the merchant's point-of-sale system never handles clear text cardholder data. The encrypted data is securely decrypted upon receipt at the PPI PayMover gateway. At no point in the transaction process is cardholder data transmitted in the clear.

Managed Payer Data

PPI will allow software developers to store tokens in place of card data needed for repeat business or recurring transactions.

Chris Mark, principle at Aegenis Group -- a leader in providing training, risk management and strategic consulting for the payment card industry -- believes programs like PPI's P2P security program are on track to deliver relief from the burden of PCI compliance. As he stated in a recent article: "If an organization is not handling cardholder data, as defined by the PCI DSS, the requirements don't apply," he says. "This is a watershed moment within the industry. For years, I (and a number of others) have been pushing tokenization technologies, end-to-end encryption, advanced authentication and other technologies that render data virtually useless. These are the technologies that will truly make a difference in the industry."

An essential partner in this endeavor is MagTek, Inc. of Seal Beach, CA. MagTek CEO Mimi Hart explains how the company's MagneSafe technology is so crucial to security efforts such as PPI's: "The evolution of cardholder security has been about making taller, more impenetrable walls. History has demonstrated that any system can be breached. No one technology on its own can stop data theft and card fraud, but by combining layers of security such as encryption, tokenization and ultimately card authentication, collectively, we can better secure credit card data and eliminate the redemption value of stolen and compromised credit card data. PPI's efforts with the Point-2-Point Cardholder Data Security Program provide a significant value proposition for their customers and places PPI in a leadership position among its competitors."

PPI's comprehensive solutions are developed and supported in-house, resulting in a unique 360-degree view of the entire payment transaction. Each solution includes the critical components defining successful integrated payment processing:

--  Free, feature-rich, fast and dependable technology
--  Seamless, secure transaction processing
--  Free developer kit and integration/certification services
--  PA DSS/PCI-DSS validation services for developers and customers
--  Dedicated account managers for developers and resellers
--  Aggressive revenue sharing and marketing programs
--  Free, unlimited 24/7/365 technical support from experts familiar with
    the solution
    

Software developers seeking more information about the PPI Point-2-Point Cardholder Data Security Program should visit: www.paypros.com/landing/ppisecurity.asp.

About Payment Processing, Inc.

Since 1995, PPI has been the industry leader in providing software developers with a full range of services for developing and promoting integrated payment solutions, including PPI-developed payment gateway technology, integration support, merchant support, marketing assistance and PA DSS/PCI-DSS security services. Today, PPI is the most successful company in the world focused on integrated payments, supporting nearly 1,200 partners and more than 33,000 merchants with efficient, cost-effective payment solutions. In 2008, PPI processed in excess of $5 billion in Visa® and MasterCard® payments. Learn more at www.paypros.com.

Contacts:

Garrett Geib
SkyRocket Group
814-833-5026
[email protected]

Richard Livingston
PPI
919-463-7632
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...