U.S. Bank’s Elavon, provider of payment solutions has inked a multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for approximately 4,500 of the company’s more than 7,600 hotels over the next 18 months.
The integration leverages Elavon’s Fusebox gateway and Simplify payment security software application to remove cardholder data from each hotel’s Property Management System (PMS). This layered approach to security includes encryption, tokenization and EMV acceptance devices and helps hotels mitigate risk associated with PCI compliance and the EMV liability shift coming in October.
Using Fusebox, Elavon’s proprietary gateway solution, hotels mitigate the risk of having cardholder data stolen because they never have access to the data. When a customer pays with a credit or debit card for accommodations, goods or services via Elavon’s Simplify payment software, Fusebox immediately creates a token, or a randomized number, that replaces the actual cardholder data, essentially isolating the real information from the hotel’s systems.
Tokenization is widely used in card-not-present environments such as e-commerce and is highly recommended as part of a layered approach to security and meeting PCI compliance requirements.
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