Verifi Launches Hosted Payment Page for CNP Merchants
June 4, 2010
Verifi, a payment and risk management solutions provider for CNP merchants, recently announced it has launched a hosted payment page that enables merchants to outsource PCI compliance and fraud prevention. The hosted payment option encrypts credit card data and stores it in a PCI Level I vault, delivering a tokenized code to merchants for use in managing ongoing customer transactions. According to Stamford, Conn.-based IT consultancy Gartner, merchants that outsource PCI compliance save $2.7 million on average. In a press release, verify said its fully managed services, including hosted payment, tokenization and chargeback management, eliminate the need for e-commerce merchants to ever touch a cardholder’s account number. “This solution simultaneously gets rid of two very costly and risky issues for our clients,” said Jeff Sawitke, chief product officer at Verifi. “Not only are we able to save our customers sizeable amounts of money by removing their PCI obligations but we are giving them fraud protection at the point-of-sale, without the time and money it takes to integrate numerous fraud prevention solutions.” The company said its hosted payment page solution is available immediately. It works with most open source shopping carts and provides direct connectivity to all of the major payment processors, according to the release.