Braintree Launches End-to-End Encryption Solution for CNP Merchants
Jan. 19, 2011
Braintree, a Chicago-based merchant account and payment gateway provider, recently launched an end-to-end encryption solution for CNP merchants. The company said its CNP End-to-End Encryption product eliminates the transmission and storage of credit card data from the merchant environment, significantly reducing the scope of PCI compliance. “Modern online businesses invest significantly in the reliability and performance of their Web applications, but to process payments, a merchant is forced to depend on an external service,” says Dan Manges, CTO of Braintree. “This ties a merchant’s customer experience to the performance and reliability of its payment gateway. We strive to build the best gateway technology in the industry to meet this challenge, but with CNP End-to-End Encryption, we now provide a tool that empowers merchants to fully solve this problem.” Unlike end-to-end encryption in the card-present space, card-not-present merchants have no hardware constraints and can quickly implement Braintree’s solution.