Entries tagged with “Data Security”.


It’s a constant business struggle, providing a seamless, low friction customer experience while protecting those customers and your business from an ever-changing array of advanced cybercriminals. ProPay® Guardian Cybershieldsm makes it easy to provide the experience and protection your customers and business need.

Sophisticated cybercriminals work hard to “hide in plain site” by disguising their activities as typical transactional activity. ProPay Guardian Cybershield uses the Global Trust Intelligence Network, a massive source of data about trusted and untrusted internet personas to sift through huge volumes of activity and information and differentiate legitimate activity from potential fraud. The Network does all this without creating interference or difficulty for legitimate customers.

ProPay Guardian Cybershield utilizes a suite of differentiated features and technologies that include cookie-less tracking, geo-location, a powerful rules engine as well as data and breach protection solutions. This impressive group of technologies makes it possible to keep up with the rapidly changing tactics of global cybercriminals.

The business value of reducing fraud requires no explanation. No business wants to suffer the financial and reputational damage from security or fraud issues. Beyond the direct impact of fraud, there are other significant expenses. Manual review processes consume valuable human and technology resources and can create frustrating customer experiences which may result in customer losses. Reducing process friction through an automated solution can minimize cost to the business and streamline customer experiences. ProPay Guardian Cybershield can impact these key areas.

Consumer trust and confidence is the foundation for a strong digital customer relationship. ProPay Guardian Cybershield is an intelligent effective way to improve both customer experience and protection from fraud.

For more information visit www.propay.com, email sales@propay.com or call 888.227.9856.

When the leaders of the financial services world get together, it’s kind of a big deal. Money20/20 is one of the most significant events in the financial services industry and ProPay is helping make it happen.

“As the industry’s primetime conference and trade show, Money20/20 delivers the biggest scale, best audience and most engaging event. Money20/20 is the largest global event focused on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000+ CEOs, from 3,000+ companies and 75 countries, expected at our 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money.”

ProPay was selected to provide the payment platform for this prestigious event, enabling the financial underpinnings and support for this high-visibility, global meeting of the minds. ProPay was chosen based on our history of being a trusted, secure, innovator in the industry and a vendor worthy of this caliber of event. The easy API integration and seamless user experience made us a natural technology fit.

If you can attend it’s sure to be an amazing few days with the best and brightest in the industry, ProPay is proud to be part of this industry-changing event.

The more you do to make things easier for your customers and clients, the more likely they will become loyal users of your products or services. Whether you are a small startup firm or a major company looking to improve your bottom line, one area where you can really offer them convenience is in the payment process.

If your business has been relying on traditional payment methods, such as one or more cash registers in fixed locations with lines of people queuing up to pay, you should know that mobile payments are a superior alternative that will save your customers time. Implementing a mobile payment system will reduce your transaction costs and improve security.

Mobile is Always Where You Are

Traditional payment systems slow down the purchasing process. Mobile payment capabilities make it easier to finish the sale. When a salesperson is done assisting a customer in making a selection, he or she can finish the transaction on the spot instead of having the customer walk over to the cashier.

If you’ve been running your business on a cash-only basis, such as at a farmer’s market or food truck, you can easily use mobile payment technology to process credit card transactions, noted a recent article at American Express.

Improved Attention to Security

Identity theft and other forms of cyber crime are a growing problem and companies that address the security issues in their payment system can advertise this fact to their customers to ease their safety concerns.

ProPay’s secure payment options give you the ability to accept credit card and debit card transactions and ACH payments without having to store, process or transfer the data. ProPay’s ProtectPay® service provides encryption and tokenization of sensitive customer data to ensure it is secure.

A single security breach can spell disaster for your business, leading to a public relations nightmare and the exodus of your customers as they look for a company that is able to properly manage their financial details.

Savvy business owners looking to improve their customer experience will want to take advantage of mobile payments with the ProPay swipe device. You’ll speed up each transaction and will enjoy improved security, while also keeping better track of your inventory and the purchasing trends of each of your valuable customers.

More than ever, it seems that individuals have either had their credit card information stolen or knows someone who has had their credit card information stolen. It is vital that you protect your credit card information and identity in today’s technology-based marketplace.

Pitfalls of Old Security Methods

For many credit and debit card users, it wouldn’t be reaching to guess they have been using the same cards for years. And, while their credit cards are remaining unchanged, hackers are using technology to find more advanced methods for stealing private information from consumers.

It isn’t just the credit cards which remain the same, security measures have been inconsistent, outdated, and faulty, putting card users at risk of having the information stolen. We have seen the consequences of faulty security measures in retail security breaches, which have left many with the responsibility of trying the mend the damage done to their credit.

Implementation of New Methods

New security methods are currently in place or just around the corner, with big changes expected as soon as 2020. What can we expect with the impending credit card security transformation?

  • Tokenization: In the future, all credit cards with use a smart chip instead of the traditional magnetic strip. This chip uses tokenization, meaning the chip creates a one-time transaction code for each payment. Tokenization removes the account number from the equation, and chip-enabled cards are expected to be much more secure.
  • PIN as standard: Debit cards require the use of a PIN for transactions already, and new credit cards are beginning to require consumers to use a PIN to make a payment as well. It is believed that use of a PIN will quickly become a global standard for debit and credit cards alike.
  • One card for multiple accounts: With time it will become common to use one card to manage multiple accounts. This change is expected to reduce risks of loss, theft and fraud. Additionally, it will simplify card management for users and reduce costs for credit card companies.

How You Can Prepare with EnsureBill

With so many changes to credit card security in the not-so-distant future, it is important that individuals and businesses are prepared to protect credit card information. The use of a payment facilitator through ProPay, which takes advantage of the advances these credit card security trends have made, is an excellent way to make sure credit card information remains secure. Payment facilitators are used to compiling credit card information on a secure server, which will prevent this information from falling into the wrong hands.

ProPay uses point-to-point encryption and tokenization to guarantee that credit card information is safely transmitted from the merchant to the payment facilitator. Point-to-point encryption simply means that credit card information is immediately encrypted at the point of input and is not decrypted until the payment facilitator processes it. Tokenization replaces sensitive data with non-sensitive data, so that only those who have token access can gain access to sensitive information.

EnsureBill is a service provided by ProPay to companies with customers who make automatic payments. EnsureBill is a secure and streamlined system for storing customer credit card information for recurring payments. Use of EnsureBill is shown to reduce declined transactions by maintaining customer credit card information.

Conclusion

There may never be a guaranteed way to keep credit card information safe 100% of the time, but payment facilitators have multiple credit card security measures in place which keep customer credit and debit card information secure. As credit card security measures are transforming over the next few years, make sure you choose a company that makes keeping your or your customer’s information secure its top priority.

Identity theft: Just the thought of those two words is enough to make any one of us break out in a cold sweat. Keep in mind, sometimes the first step towards assuming your identity and ruining your credit is to get your credit card number and it may be easier than you think for unscrupulous people to obtain your credit card data. Stop and think about these five methods thieves use to steal your credit card information.

1. Malware – the last time you opened an email from someone you did not know and it had an attachment did you open it? This could be software designed specifically for infiltrating your computer and stealing information. Malware is also found on websites that offer products for sale with lower levels of security than would be ideal for those making online purchases. Make sure you know who you are doing business with online and make sure they have the right security in place to protect your credit card numbers.

2. Restaurant thieves – chances are the last time you went out to eat your waitress brought the check and you willingly turned over your credit card for processing. Today, there are countless numbers of inexpensive gadgets that can fit in apron pockets or pants pockets that can read your credit card data. Wait staff can duplicate your credit card when you turn it over and use that card later to wreak havoc.

3. Eavesdroppers – shopping by phone or providing a trusted creditor a credit card number for payment can cause you an endless amount of grief. You can never tell who is listening to your conversation, they could be writing down your credit card number complete with security code. If you must give your credit card information by telephone, make sure you are in an area where you cannot be overheard.

4. Drive through surprises – you innocently go through a drive through at your favorite coffee shop or fast food restaurant and hand your credit card over to the cashier. The cashier duplicates your information by using a hand-held device or they simply write down the credit card number with the security code from the back. Before you know it, there are purchases you did not make on your card.

5. Card skimmers – most of us think that gas pumps and ATM machines are safe places to use our credit or debit cards. They may not be as safe as you think thanks to the availability of card skimmers. These devices are swapped into card swipe devices on gas pumps and ATM machines and the information is pulled through to a thief’s computer exposing you to credit card theft.

In today’s technological marketplace, it is becoming more important than ever before to protect both your identity and your credit card information. One way to ensure that your credit card information stays private and does not fall into the wrong hands is to use a payment facilitator who can store your information on a secure server and make sure it never falls into the wrong hands.