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August 20, 2014updated 04 Apr 2017 4:06pm

FreedomPay debuts PCI certified P2PE technology for merchants

FreedomPay has released a PCI certified fully-functional, point-to-point encryption (P2PE) payment technology for merchants, as part of its cloud-based FreedomPay Commerce Platform.

By Verdict Staff

FreedomPay has released a PCI certified fully-functional, point-to-point encryption (P2PE) payment technology for merchants, as part of its cloud-based FreedomPay Commerce Platform.

Claimed to be the first in North America, the new PCI certified P2PE technology platform provides significant breach protection and instantly puts POS systems, and networks 100% out of scope for Payment Card Industry Data Security Standard (PCI DSS) compliance.

The technology features advanced protection against breaches through PCI certified P2PE, EMV technology. It works with all current payment technology standards such as NFC, Magnetic Stripe and PIN Debit, among others.

Modular and expandable, the FreedomPay Commerce Platform has been designed as a one-stop solution for merchants who need secure POS transactions and seek the capability to expand their commerce options.

Implementing PCI certified P2PE technology, the users can get the benefits of P2PE and easily tap FreedomPay’s portfolio of services, including mobile payments, incentive programs, and strong reporting and analytics.

FreedomPay CEO Tom Durovsik said: "By offering the P2PE-integrated solutions of the FreedomPay Commerce Platform, with leading POS devices and secure distribution systems, we lock down security and enable merchants relying on POS credit card transactions to gain nearly instantaneous PCI compliance for their POS systems and networks.

"This saves money by eliminating the need for network scans and segmented networks by sharply reducing the amount of time for vendors to come online securely."

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