Ingenico, a provider of payment solutions, has partnered with Element Payment Services, a provider of PCI DSS compliant payment processing solutions to software providers and merchants, to reduce the scope, risk and cost of implementing and maintaining PCI DSS controls .
Through this partnership, Element will integrate Ingenico’s encryption algorithm with its tokenization solution to provide Ingenico’s customers with secure transaction processing technologies. The fully integrated solution will reduce the customers’ cardholder data environment and PCI DSS-compliance footprint.
Element’s hosted payments solution eliminates the need for both merchants and software providers to process, transmit or store cardholder data, removing their applications from the scope of the PCI DSS/PA-DSS compliance requirements.
The partnership is expected to help Ingenico’s merchant customers secure their payment environments, protect their brands, and reduce the cost, risk and burden associated with payment card acceptance.
Element’s transaction processing technologies are powered by its Express Processing Platform, a purpose-built processing engine architected specifically for security and compliance. Unlike other processing platforms, Express is engineered using Service Oriented Architecture (SOA), making it easily adaptable to changing industry requirements.
Deborah Dixson, senior vice president of security solutions at Ingenico, North America, said: “We’re excited about our newly formed strategic partnership with Element because it will play a key role in delivering Ingenico’s overall security strategy to address the entire payment transaction process.”