eCard Transactions, a leading provider of recovery solutions for recurring transactions, and financial technology leader Bluefin Payment Systems, have announced a partnership to bring Bluefin’s PayConex P2PE™ solution to eCard Transactions’ clients.
eCard Transactions provides intelligent software, payment solutions and sweep technology to recover returned checks, EFTs and declined credit cards for customers while averaging collection rates as high as 77 percent. eCard Transactions will offer Bluefin’s PayConex P2PE to its client base to provide greater security for their transactions.
“Our customers have come to know and expect the highest level of payment solutions, customized recovery and recurring transaction processing from our company,” said Craig Millius, the CEO of eCard Transactions. “Bluefin provides an integrated payment processing platform that features the only PCI-validated point-to-point encryption solution in the U.S. We are dedicated to ensuring the safety of all our transactions, and PayConex P2PE encrypts cardholder data at the source, protecting our customers’ systems and networks.”
In March 2014, Bluefin received Payment Card Industry (PCI) Council validation for a point-to-point encryption (P2PE) solution. PayConex P2PE encrypts credit and debit card data in a secure point of entry device before it is transmitted into a merchant’s point-of-sale (POS), virtual terminal or payment application. Encrypting cardholder data within the device ensures that clear-text cardholder data does not reach the merchant’s POS systems and networks where it could be exposed to malware.
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Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.
