eCard Transactions, the leading provider of recovery solutions for recurring transactions, and financial technology leader Bluefin, have announced a partnership to bring Bluefin’s PayConex P2PE solution to eCard Transactions clients.
eCard Transactions provides intelligent software, payment solutions and sweep technology to recover returned checks, EFTs and declined credit cards for customers while averaging collection rates as high as 77%. The company specializes in payment solutions and recovery services for the health, fitness and non-profit industries, and serves 3,000 YMCA headquarters, branches and childcare centers across the United States. eCard Transactions will offer Bluefin’s PayConex P2PE to their client base to provide greater security for their transactions.
“Our customers have come to know and expect the highest level of payment solutions, customized recovery, and recurring transaction processing from our company,” said Craig Millius, CEO of eCard Transactions. “Bluefin provides an integrated payment processing platform that features the only PCI-validated point-to-point encryption solution in the U.S. We are dedicated to ensuring the safety of all our transactions, and PayConex P2PE encrypts cardholder data at the source, protecting our customers’ systems and networks.”
In March 2014, Bluefin received Payment Card Industry (PCI) Council validation for a point-to-point encryption (P2PE) solution. PayConex P2PE encrypts credit and debit card data in a secure point of entry device before it is transmitted into a merchant’s point-of-sale (POS), virtual terminal or payment application.
Encrypting cardholder data within the device ensures that clear-text cardholder data does not reach the merchant’s POS systems and networks where it could be exposed to malware.
“eCard Transactions is a well-regarded provider of recovery solutions for a variety of verticals. And in their unique business, merchants – especially those in the non-profit or community service industry – rely on eCard to protect their customer’s transactions and their company brand. The damage done to a brand if cardholder data is lost in the event of a breach is irreparable,” said John M. Perry, CEO of Bluefin. “We are excited that eCard Transactions is leading these industries in security by providing PayConex P2PE to their customers.”
Bluefin specializes in integrated cloud-based payment and security solutions for independent software vendors (ISVs) and SaaS providers. Bluefin’s PCI-validated P2PE solution will be available through eCard’ s payment partnership, allowing for a seamless, simple and smart way to secure payments – without any additional effort on the part of the merchant or software vendor.