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.