CHICAGO--(BUSINESS WIRE)--Braintree recently launched the first end-to-end encryption solution of its kind for merchants accepting credit card payments online (aka card-not-present or CNP). Like Braintree’s Transparent Redirect solution, CNP End-to-End Encryption eliminates the transmission and storage of credit card data from the merchant environment. This significantly reduces the scope of PCI compliance, often allowing merchants to achieve compliance by completing the quickest and least intrusive of the Self Assessment Questionnaires, SAQ A.
CNP End-to-End Encryption enables a merchant to encrypt credit card data at the moment the customer enters it, without requiring immediate transmission of the data to the payment gateway. This gives merchants the option to process payments asynchronously, avoiding many of the limitations inherent in working with an external service."Modern online businesses invest significantly in the reliability and performance of their web applications, but to process payments, a merchant is forced to depend on an external service,” says Dan Manges, CTO of Braintree. “This ties a merchant’s customer experience to the performance and reliability of its payment gateway. We strive to build the best gateway technology in the industry to meet this challenge, but with CNP End-to-End Encryption, we now provide a tool that empowers merchants to fully solve this problem."
Unlike end-to-end encryption in the card-present space, card-not-present merchants have no hardware constraints and can quickly implement Braintree’s solution.
"We’re really excited about this innovation because it solves some of the most fundamental and vexing problems in the payments industry,” says Bryan Johnson, CEO of Braintree. “Merchants need a payments partner that can stay ahead of the curve and deliver cutting edge solutions, and we’re proving to be just that.”
CNP End-to-End Encryption is currently in closed beta.
About Braintree
Based in Chicago, Braintree provides merchant account, payment gateway, recurring billing, and credit card storage services for Web 2.0 companies. Braintree has changed the payments industry for tech companies with its exceptional support, innovative software, and credit card data portability initiative. Braintree provides developers a platform for payments integration with both website and mobile applications, and works with some of the most promising and fastest-growing companies in U.S. Learn more about Braintree at http://getbraintree.com/.
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