Incorporating PIN pads that allow encrypted card number entry into our payment processing offerings once again shows EPX’s thought leadership in the payment processing community.
Wilmington, DE (PRWEB) June 12, 2012
Today Electronic Payment Exchange (EPX) announced they are offering enhanced data breach protection to merchants who use virtual terminals by certifying EPX vPost with the MagTek IPAD®.
EPX vPost, a robust, browser-based, EPX-hosted terminal that handles keyed and swiped card transactions, provides similar functionality as a PC-based point-of-sale terminal, but alleviates concerns associated with storing sensitive card data. Since EPX vPost is hosted by EPX rather than the merchant, sensitive card data never enters the merchant’s system. Additionally, EPX vPost uses EPX’s inherent tokenization technology, so EPX BRICs (Buyerwall-Recognized Identification Codes) are returned to the merchant for each transaction for storage instead of actual card data.
When EPX vPost is deployed in conjunction with the MagTek IPAD, an additional security layer protects each transaction. The MagTek IPAD, a multi-functional, handheld point-of-sale terminal with keypad input and card stripe reading capability, immediately encrypts card-present transaction data at the point of swipe so personal information is never "in the clear." For card-not-present or other transactions that require manual entry (or keying) of card information and/or PINs, the MagTek IPAD immediately encrypts the key-entered data, and likewise prevents transmission of data “in the clear.”
“In 2009 EPX became the first payment processor to deliver to the market an operational end-to-end solution using encryption plus tokenization for card present credit transactions,” said EPX Marketing Director Steven Kendus. “Incorporating PIN pads that allow encrypted card number entry into our payment processing offerings once again shows EPX’s thought leadership in the payment processing community and enables EPX to provide industry-leading security to card-not-present credit transactions.”
“Protecting key-entered payment data in the virtual terminal environment is just another strategy for safeguarding our customers,” says EPX Chief Security Officer Matt Ornce. “Using EPX vPost along with the MagTek IPAD enhances security and reduces the burden of PCI compliance for our customers since the initial encryption and resulting tokenization ensure actual card data is not transmitted through or stored in a merchant’s systems.”
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About Electronic Payment Exchange
Electronic Payment Exchange is the global, industry-leading provider of fully integrated, end-to-end payment solutions for merchants across all distribution channels. EPX offers a full range of products and services within its tokenization-based payment processing services for leading merchants, retailers, etailers, and banks in the United States, Canada, Europe, Latin America, and the Caribbean.
EPX is a participating organization of the Payment Card Industry Security Standards Council. EPX is PCI v1.2 compliant, a VISA USA Cardholder Information Security Program (CISP) Compliant Service Provider, a MasterCard Site Data Protection (SDP) Compliant Service Provider and is SASE 16 Compliant.
For more information about EPX, visit http://www.epx.com or contact EPX at 302-288-0600.
Contact:
Steven M. Kendus, Marketing Director
Electronic Payment Exchange
302.288.0600
steven(dot)kendus(at)epx(dot)com
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