Company: Elavon Inc.
Fusebox, a hosted payment gateway service from processing giant Elavon Inc., continues the trend of outsourcing merchant payment information to third parties in the data breach era.
Data is statistically most vulnerable when housed in the merchant environment, an issue that more and more merchant service providers are addressing by removing the data from that space.
The Fusebox gateway service places merchant data within Elavon's firewall-protected repository. The data is then tokenized, with the merchant receiving a token attached to a truncated card number for use in returns and recurring billing.
This and other forms of interfacing are at the heart of the Fusebox system, which is set up to maximize the ease with which merchants connect to and communicate with Elavon and other payment chain partners. The gateway, Elavon said, "exceeds the most stringent" Payment Card Industry (PCI) Data Security Standard (DSS) and Payment Application DSS requirements and industry compliance standards.
Batch management and reporting are done through an online portal, updated in real-time as transactions go through, and made instantaneously available to and viewable by merchants when they sign in.
Accordint to Elavon, Fusebox also features a standardized application program interface (API), which supports a variety of message formats and allows for seamless integration with a range of different POS systems and payment options.
Those include a variety of credit and debit cards, gift and prepaid cards, and digital check payments. Certification made easy
Fusebox also streamlines the process of certification with other payment processors by functioning as sort of go-between certifier.
Merchants who connect with multiple processors need only to be certified with Elavon's gateway, rather than having to undergo a separate certification for each processor they connect with. When they do sign up with new processors, merchants are certified by virtue of their connection to Fusebox.
Fusebox's API framework quickens and simplifies the process of adding new locations and making system upgrades, its makers said. Elavon also offers a 24-hour call-in support network for subscribing merchants.
"Elavon recognizes that payment processing is a mission-critical function for our customers and that it is becoming increasingly complex to keep up with the ever-evolving requirements," said Stuart Harvey Jr., CEO of Elavon.
"We've invested in the expansion of our gateway product offerings to help businesses better manage the risks and costs associated with data security and PCI compliance, while extending the flexibility necessary to enable payments across a global enterprise."
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