Becoming PCI Compliant is often time consuming, expensive and complex. Secondly, securely storing credit card information is difficult. Even after spending millions of dollars on security upgrades, companies are still getting breached and having customer information stolen.
CHICAGO (PRWEB) November 9, 2007
"Businesses that store, process or handle credit cards face two related but distinct challenges: industry required PCI compliance and secure storage of credit card information," said Bryan Johnson, CEO of Braintree. "Becoming PCI Compliant is often time consuming, expensive and complex. Secondly, securely storing credit card information is difficult. Even after spending millions of dollars on security upgrades, companies are still getting breached and having customer information stolen."
Braintree's solutions solve these two crucial challenges. First, Transparent Redirect allows merchants to process credit cards on their own website and URL without actually handling any sensitive payment data and second, using tokenization, SecureVault enables remote storage of all sensitive customer information including credit card data, checking account information, social security numbers, image documents, and other custom fields - all in a Level 1 PCI Compliant environment. Tokens replace credit card numbers and can be used to remotely initiate transactions. The stored tokens are useless to criminals.
Merchants that use Braintree's solutions will benefit with simplified and expedited PCI Compliance and increased security of sensitive payment information. Instead of going down the daunting path of massive corporate security initiatives, onsite audits, expensive system upgrades and then dealing with all of the associated uncertainty, companies can outsource their entire payment and storage process to Braintree. These solutions increase security and save time, resources and the hassle of doing it in-house.
About Braintree Payment Solutions:
Braintree Payment Solutions is a leading provider of end-to-end electronic payment solutions. The company's comprehensive products and services offer merchants a one stop shop for credit, debit, ACH, EFT, payment gateway, virtual terminal, risk and fraud management, and recurring billing. Braintree offers solutions for simplified PCI Compliance through remote storage of credit card information and transparent redirect technologies that eliminate the handling of sensitive payment data. For more information, visit http://www.braintreepaymentsolutions.com/pci-compliance.php.