Product: Phoenix PaySecure
Company: Phoenix Managed Networks
After winning The Designers Institute of New Zealand bronze award for product design, Auckland-based Mako Networks knew it was on track with the Mako 6500 network security appliance.
The next step was to take the product global, so Mako partnered with U.S.-based payment communications and gateway provider Phoenix Managed Networks. Jointly they launched Phoenix PaySecure at the 2012 Electronic Transactions Association Annual Meeting & Expo. "PaySecure is uniquely designed to simplify payment security and merchant compliance with the Payment Card Industry [PCI] Data Security Standard [DSS]," said John J. "Jack" McDonnell, Chairman and Chief Executive Officer of PMN. "The solution is based on a combination of Mako Networks' technology and Phoenix's expertise in providing resilient, cloud-based network services."
Under the terms of a multimillion dollar agreement, Mako will provide its award-winning hardware and software-based service to PMN, which will serve as distributor and operator of a central management system that delivers cloud-based security management and PCI DSS compliance support to card-present merchants and small to midsize businesses.
The fully managed firewall service, which includes the Mako plug-and-play router, was designed to simplify merchant PCI accreditation through rapid deployment, as well as manage a host of in-store data applications. If the system detects a breach attempt or unauthorized device, the merchant receives a real-time alert. PaySecure also allows merchants to monitor store locations, set up web content filtering and obtain detailed status reports via its dashboard.
According to PMN, PaySecure is the world's first Level 1 PCI-certified network managed system of its kind. And it provides an affordable, continuous PCI compliance solution for card-present merchants that offers managed firewall protection for broadband merchant locations as well. Other features included within the payment gateway are recurring credit and automated clearing house payments, shopping cart integration, tokenization and end-to-end encryption.
"Our industry has an obligation to do more to assist merchants with achieving PCI standards," stated Matthew Mudd, President and Chief Operating Officer of PMN. "PaySecure is a flexible, simple and powerful solution that will allow a variety of market participants to do their part in enhancing merchant security and protecting the reputation of the electronic payments industry."
As a value-added service, PaySecure can be white-labeled by ISOs and merchant level salespeople and bundled with their existing merchant offerings, the company stated.
Phoenix Managed Networks
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