ProPay, a provider of merchant payment solutions, announced a product
for the millions of mobile, small and home-based merchants who accept
credit and debit card payments in face-to-face transactions.
ProPay's patent-pending process includes the credit or debit card
information being encrypted at swipe and stored in coded form for later
processing or being transmitted and processed real-time through
ProPay's secure virtual terminal from any Internet-connected PC.
"We believe the MicroSecure Card Reader has the potential to change the
face of the transaction industry," said Greg Pesci, ProPay Executive
Vice President of Business Strategy. "Because the cardholder
information is encrypted at swipe and then securely transmitted and
processed though our virtual terminal, this is the first truly secure,
end-to-end card processing solution we are aware of." Market research
shows that more than 6.9 million small and mobile merchants run credit
and debit card transactions. Since its recent launch, over 2,000 home
party consultants, mobile service providers, schools, charities, fund
raisers, fast food restaurants, and door-to-door salespeople have
purchased and are using the ProPay MicroSecure Card Reader to quickly
and securely capture and process their customers' credit and debit
cards.
"This goes well beyond helping these merchants avoid the risks and
headaches of writing down cardholder information for later processing,"
said Pesci. "We find most don't fully appreciate the PCI requirements
and risks they and their acquirers bear. Rather than expecting these
smaller merchants to spend vast sums of money on PCI compliance or to
learn how to secure their systems from every possible breach, they can
use the ProPay MicroSecure Card Reader to remove cardholder data from
their systems altogether. By removing the data, they can remove most,
if not all, of the cardholder data security risks."
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