DANVERS, MASS. (PRWEB) MAY 22, 2019
Payway®, an integrated payment processing solution, announced today that its Point-to-Point Encryption Solution (P2PE) has met the certification requirements set forth by the Payment Card Industry (PCI) Security Standard Council’s (SSC) and is now a PCI Validated P2PE solution—helping customers keep their data safe and further preventing credit card breaches.
Payway is a proven payment service provider offering a highly secure and versatile environment to help card-not-present businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting recurring payments. P2PE is one of the best methods a merchant can use to protect their customers, themselves and prevent a credit card breach.
This week, Payway will be discussing its P2PE certification and other industry standards/initiatives at multiple industry trade shows including:
iConnect (Newscycle/Naviga users group), May 19-22, held in Minneapolis, MN. Co-founder David Fabrizo will speak on the subject and the future of data security. Media Finance Focus, May 20-22, held in New Orleans, LA. Several executives will present at the show and attendees can visit Payway at booth #305 to learn more about the company’s solutions and P2PE. CNP Expo, May 21-23rd held in San Francisco. Attendees can visit Payway’s booth #620 and the company is also up for several awards at the event. “While P2PE has been around for many years, only PCI Validated P2PE technologies have been tested to rigorous standards and should be trusted to reduce risk and PCI DSS scope at a merchant,” said Daniel Nadeau, principal and co-owner, Payway. “With Payway’s P2PE solution you can keep your customer’s data safe while also reducing the cardholder data environment, which lessens the scope of PCI assessments, so you spend less time, resources and budget on audits and more on getting business done.”
Working with Payway’s PCI Validated solution, customers can now reduce the scope of compliance audits by nearly 90 percent. With the P2PE solution, the card number is entered into a separate terminal from the keyboard that automatically encrypts the card number. Not only is the data safer, but merchants significantly reduce their scope of audit, as the only hardware coming into contact with the cardholder data is the terminal. P2PE removes ISVs and merchants from the business of payment card security, effectively reducing the risk, liability, and costs associated with secure credit card acceptance.
Implementation is seamless. The P2PE hardware device connects to an industry standard USB port and is recognized by all current operating systems.
“Through this process, P2PE performs the function of devaluing the cardholder data in the eyes of any hacker who may otherwise seek to access this information within the merchant’s software, systems, and network, therefore securing card data in flight,” said Dave Fabrizio, principal and co-owner, Payway. “P2PE is one of the best methods a merchant can use to protect their customers, themselves and prevent a credit card breach. This is why it was critical for Payway to achieve certification and provide our customers with peace of mind. We look forward to discussing with prospects and customers this week what a P2PE solutions can mean for their businesses.”
Payway has decades of experience processing digital payments. The company got its start by processing subscription payments for some of the largest newspaper groups in the country. Their 30 years of expertise is the reason so many industries trust them to process subscription payments of all types.
About Payway® Payway is a proven payment service provider offering a highly secure and versatile environment to help subscription businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting recurring payments.
Source: Company press release.