U.S. Bank’s Elavon reports it will be the provider-of-choice for EMV, Point-to-Point Encryption (P2PE) and tokenization technology for athenahealth, a provider of cloud-based services and mobile applications for medical groups and health systems.
All three technologies are part of Elavon’s Simplify software, which offers a layered approach to payment security:
• EMV: EMV chip technology integrates with credit card terminals to enhance fraud protection at the point of sale. An EMV liability shift occurred on Oct. 1, 2015, when non-EMV-enabled businesses will assume responsibility for any fraud that occurs.
• Encryption: Encryption services protect cardholder data throughout the entire transaction loop, from the moment of a “swipe” or “dip” until it reaches Elavon’s data centers for processing.
• Tokenization: A token, or a random sequence of numbers, is returned to the point-of-sale so the actual card number is never stored within a point-of-sale system. Tokens can then be used for recurring or subsequent transactions.
Elavon’s Simplify payment software resides on the PIN pad and seamlessly integrates all of these security components. Simplify bypasses the healthcare provider’s software and systems, securely sending encrypted cardholder data directly to Elavon and eliminating the need for the point-of-sale system to transmit or process sensitive cardholder data.
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