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Secure and compliant payments all in one place PCI Validated Point-to Point Encryption with EMV and Mobile Wallet

Secure and compliant payments all in one place · Secure and compliant payments all in one place PCI Validated Point-to Point Encryption with EMV and Mobile Wallet. ... approach covering

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Page 1: Secure and compliant payments all in one place · Secure and compliant payments all in one place PCI Validated Point-to Point Encryption with EMV and Mobile Wallet. ... approach covering

Secure and compliant payments all in one placePCI Validated Point-to Point Encryption with EMV and Mobile Wallet

Page 2: Secure and compliant payments all in one place · Secure and compliant payments all in one place PCI Validated Point-to Point Encryption with EMV and Mobile Wallet. ... approach covering

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.

Page 3: Secure and compliant payments all in one place · Secure and compliant payments all in one place PCI Validated Point-to Point Encryption with EMV and Mobile Wallet. ... approach covering

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.

Page 4: Secure and compliant payments all in one place · Secure and compliant payments all in one place PCI Validated Point-to Point Encryption with EMV and Mobile Wallet. ... approach covering

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.