May 20, 2010, 2:40 PM

ProPay releases an ACH data encryption and tokenization application

ProPay, a provider of payment security, credit card processing and electronic payment services, last week added encryption and tokenization of Automated Clearing House data to its suite of ProtectPay services.

Internet Retailer

ProPay, a provider of payment security, credit card processing and electronic payment services, last week added encryption and tokenization of Automated Clearing House data to its suite of ProtectPay services.

ProPay’s ACH encryption and tokenization offering removes the need for online retailers to store, transmit or process sensitive ACH payment data, including bank routing and account numbers, on initial and subsequent transactions. After ProPay captures, encrypts and processes the ACH data, the data are replaced with a token that enables retailers to retrieve the data if needed for future transactions.

ProPay’s ACH encryption and tokenization services can be used to collect payments and disburse funds via the ACH network. Retailers can uses ProPay’s online interface, batch file processing, or application programming interface, which can be integrated into an existing platform of a web site.

“ACH data is increasingly a target of the hacking community,” says Greg Pesci, ProPay’s chief operating officer. “ProPay is applying the same technology for protecting payment card information to the protection of ACH data through our ProPay ACH Solution. Remove the data and you remove the risk.”

 

 

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