Electronic Payment Exchange Welcomes New Visa Best Practices for Data Field ... (es; and using alternate identifiers for ...)

Electronic Payment Exchange Welcomes New Visa Best Practices for Data Field Encryption

Date:10/8/2009

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“The technologies built into EPX BuyerWall goes hand-in-hand with the data field encryption objectives established in the Visa best practices document,” says EPX Chief Security Officer Matt Ornce. “Using encrypted card readers with our EPX BuyerWall solution satisfies the Visa’s objectives and provides strong protection for merchants against potential data breaches.”

According to the Visa data field encryption best practices document, “no single technology can completely solve for fraud.”

Ornce wholeheartedly agrees. “EPX’s solution uses both end-to-end encryption to encrypt card data from the point of sale, and tokenization on the back end of the transaction,” he says. “Encryption at the card reader protects merchants against potential breaches before card numbers even leave the swipe for authorization. EPX BuyerWall tokenization replaces account numbers with values that are meaningless to would-be thieves and cannot be reverse-engineered to reveal the card numbers. Combined, they provide unparalleled fraud protection for a merchant’s customers.”

About Electronic Payment Exchange
Founded in 1979, Electronic Payment Exchange is the global, industry-leading provider of fully integrated, end-to-end payment solutions for merchants across all distribution channels. EPX offers a full range of payment processing services for leading merchants, retailers, etailers, and banks in the United States, Canada, Europe, Latin America, and the Caribbean.

EPX is a participating organization of the Payment Card Industry Security Standards Council. EPX is PCI v1.2 compliant, a VISA USA Cardholder Information Security Program (CISP) Compliant Service Provider, and a MasterCard Site Data Protection (SDP) Compliant Service Provider.

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