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Secure and compliant payments all in one placePCI Validated Point-to Point Encryption with EMV and Mobile Wallet
Stay Ahead of Payment ObstaclesThe payment landscape is constantly evolving.
Fortunately, the Payment Card Industry (PCI) Security
Standards Council has developed a new set of
standards for making payments more secure, and
easier for merchants to manage, with point-to-point
encryption (P2PE).
These standards give merchants a blueprint for protecting
their business and their customers—in addition to
reducing the scope of PCI compliance. An all-encompassing
approach covering three layers of security—P2PE, EMV
chip & pin cards and tokenization—is the most
comprehensive way to secure your customers’ cardholder
information. And FreedomPay delivers just that.
FreedomPay’s P2PE SolutionFreedomPay’s P2PE Solution was the first to be
validated by the PCI Security Standards Council, and
is still one of the only PCI-validated solutions on
the market. Now merchants can reduce their scope
for PCI compliance, and conduct their business with
confidence, knowing no unencrypted cardholder data
will flow through their systems. The FreedomPay
P2PE solution also covers and supports every possible
payment method, from traditional, to new, to emerging
payment technologies, including EMV, contactless and
mobile wallet—as well as integration with multiple
point-of-sale systems and payment processors.
What is P2PE?Merchants are responsible for ensuring the safety of
their customers’ data and compliance with the Payment
Card Industry Data Security Standard (PCI DSS). This
process can be complex, time-consuming and costly.
By combining SRED devices, applications and processes
that encrypt data and prevent hardware tampering
and malware infections, P2PE solutions, like the one
offered by FreedomPay, provide the ultimate security
for all cardholder data, placing the merchant’s POS
and network 100% out of scope for PCI.
Why P2PE?Merchants face an increasing number of challenges
related to payments: ensuring security, maintaining
compliance, managing costs, and keeping pace with the
ever-changing payments technology landscape such
as EMV and digital wallets. Merchants also face the
growing threat of security breaches that could expose
both their business and their customers to risk.
The biggest financial consequence to organizations
that experience a data breach is loss of business.
The average cost of a data breach is $4MM (Source:
Cost of Data Breach Study: Global Analysis / Ponemon
Institute, June 2016). P2PE solutions, delivered
by FreedomPay, help eliminate the potential
of reputational and financial risks by providing
protection to both businesses and consumers to
ensure transactions are entirely encrypted before
they even enter the merchant’s networks.
Choose a PCI-Validated P2PE SolutionNot all P2PE solutions are PCI-validated. When
deploying solutions that are not validated, merchants
can be exposed to security breaches and non-PCI
compliance. Only PCI-validated P2PE solutions, like
the one offered by FreedomPay, have been completely
audited and verified to deliver all the benefits of
security assurance and true compliance. FreedomPay
offers merchants unparalleled payment security and
functionality, in addition to reducing annual audit
reports (35 controls versus the normal 332). Most
importantly it provides significant cost savings to
merchants by reducing the scope of PCI compliance
and decreasing the risk of a security breach.
FreedomPay reinvented its business so you don’t have to reinvent yoursThe FreedomPay model has been completely
reimagined to meet the strict standards of P2P
Encryption required by the PCI Security Standards
Council. The exacting process of achieving PCI
validation for P2PE has resulted in building an
industry-leading commerce platform that delivers
merchants immediate benefits around payment
security and PCI compliance scope reduction.
As the payment landscape continues to evolve,
FreedomPay is helping merchants stay ahead of the
curve by setting a new standard for delivering an
uncompromised customer experience.
FreedomPay Inc.FMC Tower at Cira Centre South 2929 Walnut Street, 14th Floor Philadelphia, Pennsylvania 19104 USA
Toll Free: 1.888.495.0222 Tel: +1.610.902.9000 Fax: +1.610.902.9001
© 2019 FreedomPay, Inc.