Nodus Technologies Launches Tokenization for Credit Card Processing

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Nodus leverages their relationship with PayPal’s Payflow gateway to develop their Tokenization technology by utilizing PayPal’s Payflow’s highly secured infrastructure for the storage of critical credit card information. With Nodus Tokenization technology and PayPal’s Payflow infrastructure, it simplifies the time and resources for small and medium enterprises to comply with the latest payment data security standards. This product release re-affirms Nodus as the undisputed leader for electronic payment application software in the Microsoft MBS market.

Choosing the right solution for credit card processing is ever more challenging for Microsoft Dynamics GP users. Nodus Tokenization technology equips MBS users the option to store sensitive credit card information in a PCI compliant off-site facility

Nodus Technologies, Inc. (http://www.nodus.com), a leading electronic payment & business automation solution provider, is pleased to announce the general customer availability of their Tokenization option for the acclaimed credit card processing application, Credit Card Advantage, for Microsoft Dynamics GP market. With this new capability, customers have an option to either manage credit card information in a PA-DSS environment within their IT infrastructure or store them off-site in a PCI compliant facility.    

“Choosing the right solution for credit card processing needs is ever more challenging for Dynamics GP users. With Nodus Tokenization technology, we offer our customers the option to store their customers’ sensitive credit card information in a PCI compliant off-site facility." said Donte Kim, President of Nodus® Technologies, Inc. “Customers can now choose either on-site or off-site storage to meet the demanding payment data security standards with Nodus solutions. This demonstrates our commitment to provide latest electronic payment technologies to meet the needs of Microsoft MBS market.”

Nodus leverages their relationship with PayPal’s Payflow gateway to develop their Tokenization technology by utilizing PayPal’s Payflow’s highly secured infrastructure for the storage of critical credit card information. With Nodus Tokenization technology and PayPal’s Payflow infrastructure, it simplifies the time and resources for small and medium enterprises to comply with the latest payment data security standards. This product release re-affirms Nodus as the undisputed leader for electronic payment application software in the Microsoft MBS market.

About Credit Card Security Mandates

With growing concern over increasing quantities of incidents involving massive numbers of sensitive credit card information being compromised annually, a data security council was formed by the payment industry to adopt Visa’s PABP (Payment Application Best Practices) security initiatives, and mandate that all electronic payment applications with credit card processing MUST meet PA-DSS (Payment Application – Data Security Standards) to guard against cyber data thefts.

PA-DSS Required for Merchant Accounts

As of July 1, 2010, Visa will NOT allow their acquirers (the financial institutions who provide merchant account service) to sign up merchant accounts for companies who use payment applications that are NOT in compliance with these security standards.
http://usa.visa.com/download/merchants/payment_application_security_mandates.pdf

Merchant PCI Requirements

PCI Compliance is no longer an optional, or "nice to have" feature for businesses accepting credit card payments. All merchants must be in compliance with PCI or risk being subject to hefty fines. For more information regarding PCI compliance, please visit the Nodus® website at http://www.nodus.com/pci_compliance.html or visit the Visa website at http://usa.visa.com/merchants/risk_management/cisp_merchants.html

About Nodus® Technologies, Inc.

Nodus® Technologies, Inc. is a leading provider of electronic payment and business process automation software for small and mid-size companies. Nodus® leverages Service Oriented Architecture and web services technologies to provide cost effective, comprehensive: e-commerce, electronic payments and retail management solutions for Microsoft Dynamics® ERP. Please visit http://www.nodus.com for more information on Nodus® business solutions - eStore Solution Stack, ePay Advantage, Credit Card Advantage, eSOP® Advantage, Retail Advantage, and other products and services.

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Nikki Nguyen
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