"By completely removing cardholder data from the distributor’s processing environment, their scope of compliance is drastically reduced."
Yardley, PA and Phoenix, AZ (PRWEB) March 1, 2010
Activant Solutions Inc., a leading technology provider of business management solutions for distributors and specialty retailers, and Element Payment Services, Inc. today announce an agreement through which Element will offer data security and ease PCI compliance for Activant customers using the Activant Distribution Suite™ software solution.
Consumer credit and debit cardholder data compromises are a growing concern. In 2008, 285 million records were compromised, according to a recent report by Verizon Business.
"This relationship with Element enables Activant to offer its customers secure credit card processing," said Kevin Roach, executive vice president and general manager of Activant. “Element’s processing solutions surpass compliance mandates required by the Payment Card Industry Data Security Standard (PCI DSS) and are fully integrated with Activant’s Distribution Suite, which includes our Prophet 21®, Eclipse™, and Prelude™ products,” said Roach.
Rapidly approaching deadlines in the credit card processing industry mandate that all businesses accepting credit card payments use software applications that meet the Payment Application Data Security Standard (PA-DSS). By July 1, 2010 all merchants must ensure this mandate is met in order for their own businesses to comply with the PCI DSS. If not, businesses risk the loss in ability to accept credit cards from customers.
"Activant wants our customers to have access to cost-effective PCI compliant payment solutions," explained Roach. "By leveraging Element’s Hosted Payments solution, users of the Activant Distribution Suite can continue to offer their customers secure credit card processing without incurring annual costs associated with maintaining PA-DSS compliance,” stated Roach.
”Hosted Payments works by transferring the risk and liability of handling sensitive cardholder data away from Activant and its distributor customers to Element’s Express Processing Platform,” explained Sean Kramer, president and CEO of Element. The Level 1 PCI DSS compliant payment processing system incorporates cutting-edge technology including end-to-end encryption and tokenization.
Through this business relationship with Element, Activant customers benefit from simplified PCI DSS compliance. “By completely removing cardholder data from the distributor’s processing environment, their scope of compliance is drastically reduced. Distributors qualify to answer Payment Card Industry Self Assessment Questionnaire (PCI SAQ) C instead of the much longer and more complex SAQ D, saving time, hassle and money,” said Kramer.
The costs of PCI compliance range from hundreds to millions of dollars depending upon business size. In 2008, Gartner reported merchant spending to protect cardholder data and become PCI compliant increased nearly fivefold during the previous 18 months.
About Activant Solutions Inc.
Activant Solutions Inc. ("Activant") is a leading technology provider of business management solutions serving retail and wholesale distribution businesses in three primary vertical markets: hardlines and lumber; wholesale distribution; and the automotive parts aftermarket. Founded in 1972, Activant provides customers with tailored proprietary software, professional services, content, supply chain connectivity, and analytics. More than 30,000 customer locations use an Activant solution to manage their day-to-day operations. Activant has operations throughout the United States and Canada, Ireland, and the United Kingdom.
For more information, please visit distribution.activant.com.
About Element Payment Services, Inc:
Headquartered in Phoenix, Arizona, Element Payment Services, Inc. provides fully integrated PCI DSS compliant payment processing solutions to merchants through relationships with leading business management software providers. Engineered using service-oriented architecture, Element's Express Processing Platform allows for easy integration and supports advanced technologies such as end-to-end encryption, tokenization and authentication.
Processing over $4 billion in annual transaction volume, Element's simple and secure payment solutions allow customers to easily comply with industry security requirements such as PCI DSS, and PA-DSS (PABP), significantly reducing the risk associated with handling cardholder data. 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 compliance requirements.
Element Payment Services, Inc. is a registered Merchant Service Provider with First National Bank of Omaha.
This announcement relating to Activant may contain statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, such as statements concerning trends, future technology or products, or Activant’s execution. These statements are based on current expectations and are subject to risks and uncertainties which could materially affect the company’s results, including, without limitation, market demand for products and technology, the company’s ability to meet that market demand, the integration of Activant’s technology and products with technology and products supplied by others, the integration of Activant’s products into the businesses of its customers, customer acceptance of Activant’s products, and the retention and deployment of skilled Activant service providers. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements. Please refer to our most recently filed Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2009, filed with the Securities Exchange Commission (“SEC”) on February 12, 2010, and our Annual Report on Form 10-K for the period ended September 30, 2009, both of which can be found through the Activant investor relations website at http://www.activant.com/company/investors for a full discussion of the risks and other factors.
© 2010 Activant Solutions Inc. All rights reserved. Activant the Activant logo, and Prophet 21 are registered trademarks, and Activant Distribution Suite, Eclipse and Prelude are trademarks, of Activant Solutions Inc. All other trademarks are the property of their respective owners.