Merchant Link Announces Collaboration with Precidia Technologies

  • Merchant Link
  • 01.28.14
Precidia Technologies and Merchant Link are collaborating to remove cardholder data from integrated point-of-sale systems.

The companies will jointly offer a secure payment acceptance solution for integrated point-of-sale systems (IPOS). TransactionLink™ - Precidia Edition eliminates card data from ever touching a merchant’s IPOS or back office systems.

TransactionLink removes cardholder data from IPOS systems and enables customer-facing devices to prompt the consumer, request funds, manage error conditions and deliver completed sale information back to the IPOS. Transactions are hardware encrypted at swipe to prevent malware from skimming cardholder data inflight, and tokenized using format-preserving tokens, which allows merchants to continue to perform cardholder analytics on purchase data.
 
“Combining Precidia’s in-store capabilities in driving customer-facing terminals with our suite of cloud-based security services, we are able to remove the complexity and liability of electronic payment acceptance from our merchant and VAR partners," said Geoff Krieg, Merchant Link’s vice president of product. "TransactionLink – Precidia Edition saves time and money for merchants and eliminates the need for a PA-DSS assessment for the IPOS. This product recently assisted a large US vintner, who required an out of scope solution to address the Windows XP end of support issue. With our solution no card data is ever passed to the integrated point-of-sale, either in the clear or encrypted. Precidia has a strong reputation for easily and securely interfacing to any POS device and their product offering truly compliments Merchant Link’s gateway."
 
“Merchant Link’s TransactionLink product using Precidia Technologies payment solutions provides multiple layers of data security protection to merchants by never introducing any sensitive cardholder data to the POS environment," said Deepak Wanner, president and CEO of Precidia. "Our proven technologies and solutions strengthen security and prevent hackers from gaining access to sensitive data. The interface we offer is simplified, so integration time can be measured in hours instead of months. The focus on security has garnered much attention and traction following recent news in the retail community. Working with Merchant Link to provide a comprehensive security solution gives merchants peace of mind while accepting credit cards for payment.”



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