Credio Rolls Out a New Payment Security Service for Retailers

Credio announces a new partner for its payment security practice and wins a major contract

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San Ramon, CA (PRWEB) May 12, 2014

Taking a new step forward in response to recent data security breaches, Credio, the company renowned for bridging technology innovation with business has launched a payment security service to help retailers balance security and privacy with user experience. Credio has also won a contract to secure the payment systems at a large retailer. And to help them with this venture, Scott Spiker of Cipherithm has joined Credio.

Raj Raghavan, the managing partner at Credio has launched the new service to help retailers transition to new mandated EMV point of sale technology ahead of liability shift deadline. Spiker will be leading the payment security practice at Credio, setting new standards for pioneering techniques and enabling retailers to offer a more secured platform for point of sale transactions and emerging solutions like mobile payments.

“We are glad to have Scott Spiker join us. His vast experience in the payment industry combined with our analytical and context based approach will provide tremendous benefits to our customers” said Raghavan.

“Credio has shown great promise with their business structure which maintains the balance between data security and robust customer adoption.” Spiker added to Raghavan’s comments.

Spiker with over 20 years of experience in payment technologies is an expert in helping companies with making Pin transaction security devices (PTS), and Pin entry devices (PED) compliant with payment card industry standards.

Benchmarks for data security are constantly raised to newer and higher levels. However, while competing with technological edges, companies also have to ensure that the lucidity factors, essential for the ease of user experience while conducting transactions, are not compromised. Companies like Credio have come a long way in handling these complex challenges.

The partnership of Spiker in Credio will set new milestones in the field of data security. Credio’s payment security services will include

  •     Building a strategy to upgrade current point of sale (POS) systems to new EMV standards
  •     Point to Point encryption (P2PE) for secure transactions
  •     Assist point of sale (POS) vendors with PCI certification of their products
  •     Compliance with global financial, security and privacy regulations

About Credio, Inc.
Since 2006, Credio, Inc. has been helping companies maintain the critical balance between data security and robust customer adoption. We enable trust as a business driver. Our approach is to help incubate innovation in the marketplace from a user experience perspective while adding security and privacy controls.


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