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.

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.”

 

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Ernie Diaz / E-Commerce

Can Tencent win the mobile commerce battle with Alibaba?

The two Chinese Internet giants are increasingly encroaching on each other’s territories. A Beijing-based marketing ...

FPO

Matt Swan / E-Commerce

Do cash-back sites really drive incremental sales?

Yes, suggest data from Affiliate Window, an affiliate marketing network. And consumers spend more when ...

Advertisement