SOURCE: Plug & Pay Technologies Inc.
April 6, 2011 – Hauppauge, NY – Plug’n Pay Technologies, a leading secure internet authorization provider, today announced their latest payment product, the ePayments mobile payment terminal for Android and iPhone smartphones for processing credit card payments on a mobile device.
Plug’n Pay Technologies, a leading secure internet authorization provider, today announced the option for utilizing “tokenization” for merchants working to come up to the requirements of the Payment Card Industry (PCI) Data Security Standard (DSS). The Plug’n Pay Payment Token, offered as part of the Plug’n Pay Payment Management Platform, gives an outsourced and inexpensive alternative for merchants looking to avoid the cost and risk associated with achieving internal PCI DSS compliance. It is affordable in that Plug’n Pay does not charge any premium over its already cost effective gateway solutions.
The Plug’n Pay “tokenization” enables secure, recurring credit card transactions over the internet. With tokenization, cardholder data entered or submitted one time is thereafter referenced by accessing a surrogate “token,” (or “previous auth record”). Plug’n Pay has had the “previous auth” method of retrieving card holder data as a standard set in its integration documentation since its inception in 1996. This unique ID (“token” or “previous auth record”) that can be stored and then reused enables merchants to avoid having to store cardholder data.
Because of its thorough US Based platform integrations (and many international ones) Plug’n Pay “tokenization” will work with any merchant account provider, so Plug’n Pay’s customers are free to use any given payment processor or move to another one at any time. As the industry struggles with the challenges, costs and complexity associated with PCI compliance the Plug’n Pay “tokenization” is a fast, simple and inexpensive way to avoid the risk and complexity of compliance, all the while accessing the full support and reporting capabilities of the Plug’n Pay gateway.
“We have had this capability as a part of our integration options from day one,” said David Price, President of Plug’n Pay, “but as the demand for a simple way to manage PCI requirements grows we are finding that it is a more and more requested method. We are happy that we have it available and because we offer it as a standard gateway transaction our customers can utilize this tool at a very affordable cost.”
About Plug’n Pay Technologies, Inc.
Plug’n Pay Technologies, Inc., founded in 1996, is a leading provider of payment and digital fulfillment solutions for Internet and retail merchants. Plug’n Pay’s PCI compliant payment systems allow merchants to accept and manage both credit card and electronic check payments in a secure environment. Plug’n Pay’s integration methods offer both External Redirect and Tokenization tools to allow merchants and developers to manage PCI requirements. Plug’n Pay offers Recurring and Subscription Billing products that provide a cost effective and versatile method of managing memberships in a secure, PCI compliant environment. Plug’n Pay also provides Level 2 and Level 3 processing and multi-currency and Dynamic Currency Conversion processing along with advanced internet products – digital download, coupon management and on-line invoice billing. Plug’n Pay’s access to domestic and international processing centers is the most comprehensive in the industry. Plug’n Pay’s services can be located through its web site, www.plugnpay.com, or through its reseller partners.
Randy Ridings, VP Sales