Merchant Link Sees Continued Growth of TransactionVault™ in Restaurant Sector as Credit Card Payment Security Concerns Mount

  • Merchant Link
  • 04.16.08
Merchant Link, a provider of enterprise payment and security solutions, announced during the 2008 International FS/TEC Exposition that it has seen a significant increase in the adoption of its flagship credit card payments security product, TransactionVault™, by quick service, casual and table service restaurant organizations nationwide, including Perkin's, Zaxby's, Famous Dave's, La Madeline and Ruth's Chris Steak House. 

At the end of the first quarter of 2008, more than 6,400 restaurants are actively processing credit card transactions using TransactionVault, whose technology works through the Merchant Link infrastructure at the point of sale. TransactionVault is a hosted service that houses credit card information in Merchant Link's secure "vault" so that data does not reside in the merchant's system, where it would be at risk from hackers. 

"Our restaurant customers have read the headlines and seen the stories of merchants victimized by increasingly sophisticated hackers, and they are taking action to protect their patrons, their brands and their reputations," said Merchant Link President Christopher Justice.  "We believe TransactionVault is gaining so much momentum because it literally and figuratively removes many of the day-to-day security-related concerns of restaurants, allowing them to focus on serving their customers and managing their operations."

As evidence of the attraction of TransactionVault's technology, Justice pointed to a recent Gartner, Inc. report, "Limiting the Scope of Payment Card Industry Audits and Liability," which examined the outsourcing of cardholder data.
 
According to Avivah Litan, vice president and distinguished analyst at Gartner, Inc., who wrote the report, "Gartner believes one key strategy that enterprises need to focus on to limit the exposure of cardholder data and reduce the cost and risk of the PCI audit process is to consider outsourcing to reduce the scope of PCI audits and your exposure/liability." 



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