ProPay Adds Automated Clearing House (ACH) Data Encryption and Tokenization to Its Suite of ProtectPay Service

-ProPay clients can now collect and disperse funds via the ACH network without having to touch or store customers’ sensitive bank account information-

LEHI, Utah--(BUSINESS WIRE)--On the heels of winning the 2010 ETA ISO of the Year Award, ProPay (www.propay.com), an industry leader inEnd-to-End Payment Security, credit card processing, and electronic payment services, announced today that it has added encryption and tokenization of Automated Clearing House (ACH) data (bank routing and account numbers) to its suite of ProtectPay services. The addition of this functionality illustrates ProPay’s proactive approach to helping organizations protect sensitive data.

“ACH data is increasingly a target of the hacking community. ProPay is leading the industry and applying the same technology for protecting payment card information to the protection of ACH data through our ProtectPay offering. Remove the data and you remove the risk.”

“The continuing increase in bank account takeovers is a serious concern for banks and their customers,” said Avivah Litan, Distinguished Garter Analyst. “Clearly, protecting ACH data is equally, if not more, important than protecting credit card data because there are fewer protections for consumers in the event that banking information is compromised.”

According to the FDIC, in the third quarter of 2009, bank fraud involving electronic funds transfers rose to over $120 million.

Like other ProtectPay services, ProPay’s ACH encryption and tokenization solution removes the need for organizations to store, transmit, or process sensitive ACH payment data on initial and subsequent transactions. After ProPay captures, encrypts, and processes the ACH data, the data is replaced with a token which organizations can use for future transactions against the data.

ProPay’s ACH encryption and tokenization services can be used to collect payments and disburse funds via the ACH network. Organizations can use ProPay’s online interface, batch file processing, or Application Programming Interface (API). The ProPay API enables organizations to easily integrate the service into their existing platform or website.

By encrypting and tokenizing ACH data, organizations can proactively address the protection of ACH data. Their customers and members can confidently use ACH as a secure payment option while the organizations benefit from lower transaction fees.

“ProPay is excited to extend its leadership role in providing simple, safe and affordable payment solutions to its customers by adding the ability to encrypt and tokenize ACH data,” said Greg Pesci, ProPay’s Chief Operating Officer. “ACH data is increasingly a target of the hacking community. ProPay is leading the industry and applying the same technology for protecting payment card information to the protection of ACH data through our ProtectPay offering. Remove the data and you remove the risk.”

Benefits of ProPay’s ACH Solution:

• Encrypts and Tokenizes sensitive ACH payment data


• Enables the lower transaction costs associated with ACH


• Integrates easily into organizations’ platforms or websites through the ProPay API


• Supports Business (CCD), Personal (PPD), Web-based (WEB), and Telephone (TEL) ACH transactions


• Provides accessible, customized reporting


• Supports both high and low volume ACH processing

About ProPay

Since 1997, ProPay has provided simple, safe and affordable credit card processing and electronic payment services for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions that reduce, and may even eliminate, the organization’s risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a privately held company, headquartered in Lehi, Utah. For information, visitwww.propay.com/pressroom.

Contacts

ProPay, Inc.

Scott Nelson

801-341-5660

Scott.nelson@propay.com

or

Snapp Conner PR

Clay Blackham or Josh Berndt

801-994-9625

clay@snappconner.com or josh@snappconner.com

Permalink: http://www.businesswire.com/news/home/20100510005693/en/ProPay-Adds-Automated-Clearing-House-ACH-Data

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ProPay Adds Automated Clearing House (ACH) Data Encryption and Tokenization to Its Suite of ProtectPay Service

-ProPay clients can now collect and disperse funds via the ACH network without having to touch or store customers’ sensitive bank account information-

LEHI, Utah--(BUSINESS WIRE)--On the heels of winning the 2010 ETA ISO of the Year Award, ProPay (www.propay.com), an industry leader inEnd-to-End Payment Security, credit card processing, and electronic payment services, announced today that it has added encryption and tokenization of Automated Clearing House (ACH) data (bank routing and account numbers) to its suite of ProtectPay services. The addition of this functionality illustrates ProPay’s proactive approach to helping organizations protect sensitive data.

“ACH data is increasingly a target of the hacking community. ProPay is leading the industry and applying the same technology for protecting payment card information to the protection of ACH data through our ProtectPay offering. Remove the data and you remove the risk.”

“The continuing increase in bank account takeovers is a serious concern for banks and their customers,” said Avivah Litan, Distinguished Garter Analyst. “Clearly, protecting ACH data is equally, if not more, important than protecting credit card data because there are fewer protections for consumers in the event that banking information is compromised.”

According to the FDIC, in the third quarter of 2009, bank fraud involving electronic funds transfers rose to over $120 million.

Like other ProtectPay services, ProPay’s ACH encryption and tokenization solution removes the need for organizations to store, transmit, or process sensitive ACH payment data on initial and subsequent transactions. After ProPay captures, encrypts, and processes the ACH data, the data is replaced with a token which organizations can use for future transactions against the data.

ProPay’s ACH encryption and tokenization services can be used to collect payments and disburse funds via the ACH network. Organizations can use ProPay’s online interface, batch file processing, or Application Programming Interface (API). The ProPay API enables organizations to easily integrate the service into their existing platform or website.

By encrypting and tokenizing ACH data, organizations can proactively address the protection of ACH data. Their customers and members can confidently use ACH as a secure payment option while the organizations benefit from lower transaction fees.

“ProPay is excited to extend its leadership role in providing simple, safe and affordable payment solutions to its customers by adding the ability to encrypt and tokenize ACH data,” said Greg Pesci, ProPay’s Chief Operating Officer. “ACH data is increasingly a target of the hacking community. ProPay is leading the industry and applying the same technology for protecting payment card information to the protection of ACH data through our ProtectPay offering. Remove the data and you remove the risk.”

Benefits of ProPay’s ACH Solution:

• Encrypts and Tokenizes sensitive ACH payment data


• Enables the lower transaction costs associated with ACH


• Integrates easily into organizations’ platforms or websites through the ProPay API


• Supports Business (CCD), Personal (PPD), Web-based (WEB), and Telephone (TEL) ACH transactions


• Provides accessible, customized reporting


• Supports both high and low volume ACH processing

About ProPay

Since 1997, ProPay has provided simple, safe and affordable credit card processing and electronic payment services for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions that reduce, and may even eliminate, the organization’s risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a privately held company, headquartered in Lehi, Utah. For information, visitwww.propay.com/pressroom.

Contacts

ProPay, Inc.

Scott Nelson

801-341-5660

Scott.nelson@propay.com

or

Snapp Conner PR

Clay Blackham or Josh Berndt

801-994-9625

clay@snappconner.com or josh@snappconner.com

Permalink: http://www.businesswire.com/news/home/20100510005693/en/ProPay-Adds-Automated-Clearing-House-ACH-Data

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ProPay Named ETA "ISO of the Year"

ProPay Receives 2010 Electronic Transactions Association (ETA) “ISO of the Year Award”

-ProPay Receives Prestigious Award for Contributing to the Advancement of the Payment Industry, Providing Innovative Products and Services, Driving Growth and Maintaining Excellent Ethics-

LEHI, Utah--(BUSINESS WIRE)--ProPay (www.propay.com), an industry leader in End-to-End Payment Security, credit card processing, and electronic payment services, is pleased to announce it has been selected as the 2010 ETA “ISO of the Year”. This announcement came during the President’s Dinner last week at the 2010 Electronic Transactions Association (ETA) Annual Meeting and Expo in Las Vegas, NV.

“Being named ISO of the Year is a tremendous honor”

“ProPay is a pioneer in data security and PCI compliance. They have moved the payments industry forward by using technology to increase merchant compliance and manage risk. They've also exhibited a strong commitment to alternative payments and other value-added strategies. For these reasons ETA is proud to name ProPay as the recipient of ETA's ISO of the YEAR Award,” said Carla Balakgie, CEO, Electronic Transactions Association.

“Being named ISO of the Year is a tremendous honor,” said Gary Goodrich, President and CEO of ProPay. “Our focus has always been on providing simple, safe and affordable merchant payment solutions. As a result, we were one of the first companies to recognize the need for End-to-End Payment Security utilizing encryption and tokenization. Our ProtectPay® product was one of the first commercially viable payment security solutions in the industry to offer these capabilities. We are pleased to be a member of the ETA and to have our efforts recognized with this prestigious award.”

For more information about ProPay’s End-to-End suite of products and services, visit www.propay.com.

About ProPay

Since 1997, ProPay has led the market in providing simple, safe and affordable credit card processing and electronic payment services for businesses ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is leading the industry as a provider of complete End-to-End Payment Security solutions through robust encryption and tokenization which reduces, and may even eliminate, the business’ risk of having sensitive payment data compromised. ProPay is a privately held company, headquartered in Lehi, Utah. For information, visitwww.propay.com/pressroom.

About ETA

The Electronic Transactions Association is an international trade association representing companies who offer electronic transaction processing products and services. The purpose of ETA is to influence, monitor and help shape the merchant acquiring industry by providing leadership through education, advocacy and the exchange of information. ETA's membership spans the breadth of the payments industry from financial institutions to transaction processors to independent sales organizations (ISOs) to equipment suppliers.

Contacts

ProPay, Inc.

Scott Nelson

Scott.nelson@propay.com

(801) 341-5660

or

Snapp Conner PR

Clay Blackham or Josh Berndt

clay@snappconner.com or josh@snappconner.com

(801) 994-9625

Permalink: http://www.businesswire.com/news/home/20100420005793/en/ProPay-Receives-2010-Electronic-Transactions-Association-ETA

ProPay Named ETA "ISO of the Year"

ProPay Receives 2010 Electronic Transactions Association (ETA) “ISO of the Year Award”

-ProPay Receives Prestigious Award for Contributing to the Advancement of the Payment Industry, Providing Innovative Products and Services, Driving Growth and Maintaining Excellent Ethics-

LEHI, Utah--(BUSINESS WIRE)--ProPay (www.propay.com), an industry leader in End-to-End Payment Security, credit card processing, and electronic payment services, is pleased to announce it has been selected as the 2010 ETA “ISO of the Year”. This announcement came during the President’s Dinner last week at the 2010 Electronic Transactions Association (ETA) Annual Meeting and Expo in Las Vegas, NV.

“Being named ISO of the Year is a tremendous honor”

“ProPay is a pioneer in data security and PCI compliance. They have moved the payments industry forward by using technology to increase merchant compliance and manage risk. They've also exhibited a strong commitment to alternative payments and other value-added strategies. For these reasons ETA is proud to name ProPay as the recipient of ETA's ISO of the YEAR Award,” said Carla Balakgie, CEO, Electronic Transactions Association.

“Being named ISO of the Year is a tremendous honor,” said Gary Goodrich, President and CEO of ProPay. “Our focus has always been on providing simple, safe and affordable merchant payment solutions. As a result, we were one of the first companies to recognize the need for End-to-End Payment Security utilizing encryption and tokenization. Our ProtectPay® product was one of the first commercially viable payment security solutions in the industry to offer these capabilities. We are pleased to be a member of the ETA and to have our efforts recognized with this prestigious award.”

For more information about ProPay’s End-to-End suite of products and services, visit www.propay.com.

About ProPay

Since 1997, ProPay has led the market in providing simple, safe and affordable credit card processing and electronic payment services for businesses ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is leading the industry as a provider of complete End-to-End Payment Security solutions through robust encryption and tokenization which reduces, and may even eliminate, the business’ risk of having sensitive payment data compromised. ProPay is a privately held company, headquartered in Lehi, Utah. For information, visitwww.propay.com/pressroom.

About ETA

The Electronic Transactions Association is an international trade association representing companies who offer electronic transaction processing products and services. The purpose of ETA is to influence, monitor and help shape the merchant acquiring industry by providing leadership through education, advocacy and the exchange of information. ETA's membership spans the breadth of the payments industry from financial institutions to transaction processors to independent sales organizations (ISOs) to equipment suppliers.

Contacts

ProPay, Inc.

Scott Nelson

Scott.nelson@propay.com

(801) 341-5660

or

Snapp Conner PR

Clay Blackham or Josh Berndt

clay@snappconner.com or josh@snappconner.com

(801) 994-9625

Permalink: http://www.businesswire.com/news/home/20100420005793/en/ProPay-Receives-2010-Electronic-Transactions-Association-ETA

ProPay''s Data Security Summit 2010 - PIN Debit News Blog Readers, Take $50 Off Registration

Last year, both myself and HomeATM CEO Ken Mages attended and enjoyed ProPay's Data Security Summit. Ironically, HomeATM was listed as the first eCommerce PCI 2.0 Certified PED while we listened to Bob Russo, GM of the PCI Security Standards Council speak at the podium. 



PIN Debit News Blog readers who wish to attend this years event can save $50 off the $199 registration.  Enter the promo code: U120.  It's an informative and enjoyable summit and this year's speakers feature not only Bob Russo, but Garnter's distinguished analyst, Avivah Litan.  Also speaking at the event will be prominent card security expert, Chris Mark, Founder of the Society of Secure Payment Professionals. 

ProPay is excited to host its 3rd Data Security Summit, March 9-10, 2010 at the fabulous Canyons Resort in Park City, Utah. The Summit is designed to help educate companies on industry best practices and risks associated with the handling of sensitive payment data. If you transmit, process or store this sensitive payment data you are a target for hackers and data thieves intent on stealing this information and ruining your company, your brand, and your reputation.



Event Summary

Date:	March 9-10, 2010 (March 9 & 10 – Summit dates; March 11 – Ski Day—discount passes available for $35.00)
Location:	The Canyons Resort, Park City, Utah Dress: Business Casual Weather: Temperatures range from 49°F to 22°F
Cost:	$199;  Editor's Note: $149 for PIN Debit Payments Blog Readers.  Enter Code U120 when registering. For Lodging & Reservations (reference ProPay Security Summit): 1-888-CANYONS (1-888-226-9667)
	Event Drawings* – One more great reason to attend the ProPay Data Security Summit: 2 Full-Day Ski Passes, 1 Utah’s Own Gift Basket, 1 Weekend Stay (3 day, 2 night) at The Canyons, 1 Vacation package for 2 (4 days, 3 nights anywhere Delta flies in the lower 48 states, Marriott property) Click here for Event Drawing Rules

Featured Speakers

This year’s speaker lineup is an all-star cast representing many facets of the payment industry including: Avivah Litan, Gartner Research Distinguished Gartner Analyst Bob Russo, PCI Security Standards Council General Manager Chris Mark, CPISM/A, CISSP, CIPP Recognized expert in payment card security Fred Laing, UMACHA President & Chairman of the Internet Council Tia Ilori, Visa Compliance Program Manager Matt Sarrel, Sarrel Group Executive Director & Writer, CISSP John Bartholomew, SecurityMetrics Vice President of Sales Veronica Flanagan, Wells Fargo Vice President of Payment Network Compliance David Ellis, SecurityMetrics Director of Forensic Investigations Jenn Munson, Ancestry.com Payments & Fraud Prevention Manager, Ancestry.com Direct Response Forum Board Of Directors Other Speakers TBD

Topics Addressed

The speakers at this year’s Summit will address the following: -Enterprise Threatening Risks -Increase Your Company’s Odds -Strategies to Secure the Payment System -PCI Security Standards -Payment Data Security: It’s Not Just Credit Cards Anymore -Data Breach… The Long-Term Negative Impact on Shareholder Value -Lessons learned: How online Credit Card compromise is perpetrated

Register / Contact

To register, click on the button below. For more information call (888) 227-9856 or email marketing@propay.com.

* MUST BE PRESENT TO WIN. PURCHASE WILL NOT INCREASE CHANCES OF WINNING. VOID WHERE PROHIBITED. Eligible attendees to the March, 2010 ProPay Security Summit may be entered into the Giveaway. Winners will be determined in a drawing conducted during the Security Summit on March 9 or 10, 2010. For official rules, prize disclosures and odds, go to: www.propaysummit.com/giveaway. Acceptance of prize signifies that you have read and understood the Official Rules and agree to abide by them. Sponsor: ProPay, Inc., 3400 No. Ashton Blvd., Ste. 200, Lehi, UT 84096.

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