RADNOR, PA – May 13, 2016 – FreedomPay, the leader in secure payment technology for stadiums, hospitality, restaurants, gaming, lodging and retail merchants, announced the certification of its secure payment gateway for EMV on Elavon, a leading global payments provider and subsidiary of U.S. Bancorp. As merchants continue to adopt the EMV standard to combat fraudulent credit card transactions at the point of sale, FreedomPay’s PCI-validated point-to-point encryption (P2PE) with tokenization provides an extra layer of data protection by eliminating clear text card data from entering the merchant’s network environment. The combination of EMV and PCI-validated P2PE provides merchants the highest level of card data protection available.
Merchants are required to accept EMV cards or risk potential increases in charge backs resulting from fraudulent purchases. In order to maintain compliance with the EMV standard, merchants must install EMV-ready payment terminals that are certified by their payment processor. With FreedomPay’s Commerce Platform, merchants using Elavon’s payment processing can quickly deploy PCI-validated P2PE payment terminals certified for EMV allowing merchants to bypass their own certification process. In addition, the FreedomPay platform is integrated with a vast array of point-of-sale solutions, enabling merchants to easily install the PCI-validated P2PE payment devices and begin processing EMV payments through their existing network infrastructure.
FreedomPay’s innovative commerce technologies are transforming today’s omni-channel shopping experience for global merchants and delivering unparalleled protection for all payment transactions.