CHANDLER, AZ (PRWEB) October 30, 2012
Element Payment Services, Inc., a recognized industry leader in PCI DSS compliant payment processing and Tessitura Network, Inc., the leading provider of technology, services and learning community for the arts and cultural sector, are partnering to provide PCI DSS compliant processing solutions to Tessitura customers.
Credit card fraud is a significant problem for merchants. In recent years, the compromise of credit card and personal information has cost major retailers hundreds of millions of dollars in fines and compensation to customers. According to the 2012 U.S. Cost of a Data Breach report, compiled by Verizon Business, in 2011 855 data breach incidents occurred, resulting in the compromise of approximately 174 million records. Considering, these breaches cost each merchant time, money and ultimately damage their reputation, securing cardholder data remains essential to building and maintaining a thriving business.
Tessitura selected Element as a North American processing partner for their PCI compliant Tessitura Software product, because the company required a hosted technology approach that provided flexible processing options, as well as offered a PCI compliant processing solution for customers. Partnering with a recognized industry leader dedicated to 24 x 7 customer support and market leading solutions was a top priority. In addition, Tessitura was committed to providing a solution that positioned its customers for future enhancements, such as tokenization and point-to-point encryption (P2PE), which, when combined, completely remove the transmission and storage of cardholder data from both a software application and customers’ point of sale systems.
“Element is excited to provide a fully integrated, PCI compliant payment solution for Tessitura Software in North America,” says Sean Kramer, president and CEO of Element Payment Services. “Our organization is dedicated to providing all of our Independent Software Vendor (ISV) partners with PCI scope reducing technologies, which ensure cardholder data is protected throughout the transaction processing lifecycle, from the initial point of entry, while in transit and when stored for future use.”
“Tessitura is proud to provide the products and services of Element Payment Services as a preferred hosted payment processing option for our North American license holders,” says Jack Rubin, president of Tessitura Network. “We are thrilled to be able to provide our members with the best cloud-based, PCI compliant processing platform, and we look forward to exploring future processing enhancements from Element, such as TransForm® Tokenization and P2PE.”
About Element Payment Services, Inc:
Headquartered in Chandler, Arizona, Element Payment Services, Inc. is the industry-leading provider of fully integrated PCI DSS compliant payment processing solutions for merchants and business management software providers. Engineered using service-oriented architecture, Element's Web based Express Processing Platform allows for easy integration, supports advanced technologies and manages more than $9 billion in transaction volume annually.
Element's TransForm® approach to payment processing is built on a simple idea – remove the value and accessibility of cardholder data to eliminate the risk. Leveraging advanced point-to-point encryption and tokenization, Element’s suite of payment solutions transform how payments are secured in a simplified way-delivering optimal security that not only meets but exceeds PCI DSS/PA-DSS compliance requirements. Element's innovative technology, Hosted Payments, was the first payment processing solution on the market to take software providers out of scope for PA-DSS/PCI DSS compliance requirements.
More information about Element Payment Services can be found at http://www.elementps.com.
About the Tessitura Network, Inc:
More than 400 theaters, orchestras, performing arts centers, university arts-affiliated departments, museums, festivals, dance and opera companies are members of the Tessitura Network. Tessitura Network organizations are located in the United States, Australia, Canada, Ireland, New Zealand and the United Kingdom. Tessitura Software is the flagship product of the Tessitura Network and provides a unified platform for all departments within an organization to manage customer relationships, ticketing, marketing, subscriptions, fundraising, memberships, reporting and Web transactions. Deployment of Tessitura Software is either via the Network hosted RAMP™ option or via in-house operated servers. The Tessitura Network also offers services such as N-Scan™ ticket scanning for access control, express web integration, TN Social Ticketing™ for selling tickets on Facebook and more.
More information about Tessitura Network can be found at http://www.tessituranetwork.com.