[September 29, 2015] |
|
Elavon Launches Safe-T Security Solutions for Small Businesses
The National Cyber Security Alliance states that 71 percent of data
breaches occur at small businesses (SMBs) with less than 100 employees. Elavon,
a leading global payments provider and subsidiary of U.S. Bancorp (NYSE:
USB), now offers Safe-T Security Solutions for SMBs to offer the same
level of payment security protection that national brands utilize in
their efforts to keep customers and their businesses secure.
Consistent with Elavon's design philosophy for integrating a layered
security approach in all payment solutions, Safe-T for small business
combines the essential technologies of EMV, encryption and tokenization
along with data breach protection in an easy to implement and affordable
bundle:
-
EMV: EMV chip technology integrates with credit card terminals
to enhance fraud protection at the point of sale. An EMV liability
shift occurs on Oct. 1, 2015, when non-EMV-enabled businesses will
assume responsibility for any fraud that occurs.
-
b>Encryption: Encryption services protect cardholder data
throughout the entire transaction loop, from the moment of a "swipe"
or "dip" until it reaches Elavon's data centers for processing.
-
Tokenization: A token, or a random sequence of numbers, is
returned to the point-of-sale so the actual card number is never
stored within a point-of-sale system. Tokens can then be used for
recurring or subsequent transactions.
-
Data Breach Protection: A financial coverage plan in the event
of a data breach, regardless of the path or source of the breach.
A recent Honeywell (News - Alert) study found that 95 percent of consumers would feel
more comfortable shopping at retailers that use encryption technology.
With Safe-T's layered approach to security, small businesses and their
customers can feel more confident that their payments are secure.
"Small businesses are the core of our economy, but they may also be more
at risk when it comes to credit card fraud and data breaches," said Lori
Haakmeester, North America product and innovation leader for Elavon.
"With the holiday shopping season fast approaching and the Oct. 1 EMV
liability shift, offering Safe-T to small businesses couldn't come at a
better time."
About Elavon (www.elavon.com)
Twitter (News - Alert): @elavon Elavon is wholly owned by U.S. Bancorp
(NYSE: USB) and provides end-to-end payment processing solutions and
services to more than 1.3 million customers in the United States,
Europe, Canada, Mexico, Brazil and Puerto Rico. As the #1 provider for
airlines and a top five provider for hospitality, healthcare, retail,
and public sector/education, Elavon's innovative payment solutions are
designed to solve pain points for businesses from small to
enterprise-sized.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150929005353/en/
[ Back To TMCnet.com's Homepage ]
|