Propay is pleased to announce it has been selected as the 2010 ETA “ISO of the Year”. This announcement came during the President’s Dinner April 13, 2010 at the Electronic Transactions Association (ETA) Annual Meeting and Expo in Las Vegas, NV.

“ProPay is a pioneer in data security and PCI compliance. They have moved the payments industry forward by using technology to increase merchant compliance and manage risk. They’ve also exhibited a strong commitment to alternative payments and other value-added strategies. For these reasons ETA is proud to name ProPay as the recipient of ETA’s ISO of the YEAR Award,” said Carla Balakgie, CEO, Electronic Transactions Association.

“Being named ISO of the Year is a tremendous honor,” said Gary Goodrich, President and CEO of ProPay. “Our focus has always been on providing simple, safe and affordable merchant payment solutions. As a result, we were one of the first companies to recognize the need for End-to-End Payment Security utilizing encryption and tokenization. Our ProtectPay® product was one of the first commercially viable payment security solutions in the industry to offer these capabilities. We are pleased to be a member of the ETA and to have our efforts recognized with this prestigious award.”

For more information about ProPay’s End-to-End suite of products and services, visit http://www.propay.com

ProPay recently concluded its 3rd Data Security Summit. The Summit was a gathering of  payment industry experts including representation from the PCI Council, Visa, Wells Fargo, Security Metrics, UMACHA and others.  The Summit helped educate companies on industry best practices and risks associated with the handling of sensitive payment data. If you transmit, process or store this sensitive payment data you are a target for hackers and data thieves intent on stealing this information. Some of the topics that were covered include:

-Enterprise Threatening Risks
-Strategies to Secure the Payment System
-PCI Security Standards
-Payment Data Security: It’s Not Just Credit Cards Anymore
-Data Breach… The Long-Term Negative Impact on Shareholder Value
-Lessons learned: How online Credit Card compromise is perpetrated

Following is a comment from one of the Summit attendees:

“The speakers were amazing! I learned a lot about what we didn’t know. Even though you feel you’re really secure, you’re really not as secure as you feel.” –Scott Stein