Merchant Link Installations of TransactionVault™ by Restaurants Exceed 10,000 as Credit Card Payment Security Concerns Mount

  • Merchant Link
  • 03.10.09
Merchant Link, a provider of enterprise payment and security solutions, announced that the installed base of its flagship credit card payments security product, TransactionVault™, has surpassed the 10,000 mark.

Quick-service, casual and table-service restaurant organizations nationwide, including T.G.I. Friday's, Perkin's, Zaxby's, Famous Dave's, La Madeline and Ruth's Chris Steak House, are actively processing credit card transactions using TransactionVault, at a rate of more than 50 million transactions per month through several of the major point-of-sale providers.

TransactionVault, a hosted solution, works by removing the credit card data from the POS. The data is then stored in Merchant Link's secure "vault", away from the merchant's POS system and protected from potential hackers.  By removing the data, TransactionVault helps merchants attain full PCI compliance by mitigating six of the 12 PCI DSS Compliance Requirements and further ensures their own customers' privacy with every purchase.

"As evidenced by the headlines and the agenda at MURTEC 2009, the restaurant sector is increasingly concerned about protecting the identity and security of their customers, the quality of their reputations, and the integrity of their brands," said Merchant Link President Christopher Justice.  "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.  Avivah Litan, vice president and distinguished analyst at Gartner, Inc., wrote in 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." The report is available through the research company's Web site at http://www.gartner.com.




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