ProPay, a provider of online payment data security applications, has launched a shopping cart that stores customers’ payment account information outside of a retailer’s own infrastructure.
ProPay Inc., a provider of online payment data security applications, has launched a shopping cart that stores customers’ payment account information outside of retailer’s own infrastructure.
The ProPay CartLite shopping cart application, which is designed for small, start-up retailers, costs about $40 per year plus per-transaction fees based on volume, says Bryce Thacker, executive vice president of sales and marketing.
Like ProPay’s more sophisticated secure shopping carts for larger retailers, the CartLite application comes with a comprehensive of security features including complete data encryption, tokenization of encrypted data, and a data capture method under which online shoppers enter their payment card account information directly onto ProPay’s secure servers through data entry windows on a client retailer’s site, Thacker says. Tokenization is a system that provides the retailer with a data token used to associate encrypted payment account numbers with other information about the account-holding consumer.
ProPay also recently introduced what it calls an end-to-end data encryption, which encrypts customer payment account information from the point when customers enter their account number online until it gets passed on to a payment processor. ProPay is an agent for Wells Fargo Bank. ProPay uses TSYS Acquiring Solutions for payment processing.