Published:
Element Payment Services Announces 'Hosted Payments': The First Payment Processing Solution to Take Software Providers Out-of-Scope for PA-DSS (PABP) Compliance Requirements
PHOENIX, Sept. 4 /PRNewswire/ -- Element Payment Services, Inc. has
launched Hosted Payments; a payment solution that removes software vendors
from the scope of Payment Application Data Security Standards (PA-DSS) (PABP),
by shifting the responsibility of handling sensitive cardholder data to
Element. With Hosted Payments, the software vendor's application is
responsible for collecting all of the non-sensitive data needed to perform a
payment transaction, while Element collects, stores, processes and transmits
all sensitive cardholder data. Software vendors not only avoid the hassle and
cost of achieving PA-DSS (PABP) compliance, but because the Hosted Payments
solution is integrated with Element's PCI DSS compliant Express Processing
Platform, software providers, merchants and consumers receive the highest
level of protection from cardholder data compromises.
Sean Kramer, CEO of Element says, "Our innovative Hosted Payments solution
offers software vendors an alternative to PA-DSS (PABP) compliance that
alleviates their cost burden, reduces their risk, and enables them to give
their customers a completely secure, reliable payment application."
Hosted Payments was developed for software application vendors that sell,
distribute or license applications that facilitate electronic payments in
response to the recently established PA-DSS (PABP) requirements. PA-DSS (PABP)
aims to eliminate the use of vulnerable payment application and ensure a
secure environment for accepting cardholder data. As of July 2008, Visa Net
Processors can no longer certify any new applications that are not PA-DSS
(PABP) compliant and validated by a Payment Application Qualified Security
Assessor (PA-QSA); and as of October 1, 2008, newly boarded level 3 and level
4 merchants will have to either be PCI DSS compliant or use PA-DSS (PABP)
compliant software. With these very aggressive deadlines to enforce
compliance, software vendors are being driven to devote an inordinate amount
of time and expense to meet these mandates. Element offers an alternative to
PA-DSS validation through Hosted Payments, eliminating the need to achieve and
maintain PA-DSS (PABP) compliance.
Element is offering two options for Hosted Payments, including a version
for distributed applications as well as Web-based software applications. Both
solutions seamlessly integrate with all types of business management software
applications. Alternatively, for software providers who have had their
applications PA-DSS (PABP) validated, Element also offers a fully integrated
solution which eliminates third party software that can lead to security risk,
added costs and multiple points of failure in the payments chain. For more
information about Element's Hosted Payments solution and complete suite of
products, visit http://www.elementps.com.
About Element Payment Services
Headquartered inPhoenix, Arizona, Element Payment Services Inc. provides
integrated transaction processing solutions to merchants through partnership
with leading business management software providers. Engineered using
service-oriented architecture, Element's Express Processing Platform allows
for easy integration and supports credit and debit card, ACH and check
solutions for its merchants. Processing $4 billion in annual transaction
volume, Element's secure, innovative and reliable payment solutions allow its
customers to easily comply with industry security requirements such as PCI
DSS, PA-DSS (PABP), significantly reducing the risk of a cardholder data
breach. For more information, visit http://www.elementps.com.
SOURCE Element Payment Services, Inc.
Copyright © 2009, PRNewswire
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