ProPay Offers Encrypted Repository

OREM, Utah -- ProPay, the industrys most comprehensive provider of simple, safe and affordable merchant payment solutions, today announced the formal launch of ProtectPay™, a fully encrypted payment card processing, transmission and repository service. ProtectPay enables merchants with a complete end-to-end secure option for processing credit card payments in real time and/or the secure storage and use of encrypted credit card data for future transactions including repeat billing.

ProPay is fully PCI compliant and meets the stringent requirements of a Level 1 Payment Card Industry Data Security Standard (PCI DSS) Service Provider. Visa has outlined the Level 1 requirements in a document the company has posted at www.visa.com/cisp.

ProtectPay significantly reduces or even eliminates the PCI compliance burdens for merchants, service providers, and companies by providing a service to securely store, transmit, and process the data. This allows merchants and service providers to free up critical time and resources that can therefore be used to build and expand their core businesses.

By removing sensitive data, merchants, service providers, and other companies can reduce or eliminate the risks associated with storing card holder data which may include breach notification costs, loss of reputation and other costs that are associated with losing data.

“With data breaches becoming increasingly commonplace, the security and protection provided by ProtectPay is essential,” said Greg Pesci, ProPay Executive Vice President of Business Strategy. “We applaud Visa’s efforts to educate merchants and service providers through ongoing training and the ‘Drop the Data’ campaign. We believe ProtectPay is directly aligned with this initiative, given that it enables merchants to never see or touch their customers’ sensitive data—even for refunds or repeat billing.”ProPay