Fifth Third Processing Solutions and MTXEPS Partner to Support ServerEPS Encryption Solutions

CINCINNATI, Jan. 10, 2011 /PRNewswire/ -- Fifth Third Processing Solutions, together with MTXEPS, a leading supplier of electronic payment solutions to the retail industry, are pleased to announce the availability of MTXEPS' ServerEPS Encryption Solution - a security-focused, feature-rich payment processing solution.  With our combined broad exposure to U.S. retailing, Fifth Third Processing Solutions and MTXEPS offer a comprehensive understanding of the challenges facing retailers today related to PCI security standards.  This Solution assists merchants of all sizes with PCI DSS validation.  

With the recent PCI Council white paper on Point-to-Point Encryption (P2PE) stating  that, "P2PE solutions... may simplify validation efforts by reducing the number of system components to which PCI-DSS applies,"  the MTXEPS ServerEPS Encryption Solution assists retailers in validating that their payment security methods are designed to meet industry best practices.  The Solution is designed to encrypt track data at the card swipe and maintains that encryption through its delivery to Fifth Third Processing Solutions.  

In addition, the Solution helps the retailer with PCI compliance and security against electronic intrusions through the use of Point-to-Point Encryption and Tokenization which are quickly becoming key methods of protecting sensitive data. The ServerEPS encryption, a key security component of the product since 2008, assists with security by reducing retailer's access-points to sensitive card data by supporting card data encryption at the POS PIN pad.  ServerEPS also provides a single source for card data security and enterprise software updates, with the added security of Tokenization, to help ensure card data is not returned to the store.

Improving payment system security is one of the highest priorities for retailers today.  In fact, the PCI Council's recent whitepaper entitled "Initial Roadmap: Point-to-Point Encryption Technology and PCI DSS Compliance" identifies that many organizations are seeking ways to minimize the number of system components within a given network that have access to cardholder data as a way to limit the scope of a PCI DSS assessment. "Providing a solution from MTXEPS, a company which has been diligent in keeping pace with mandates and pioneering in the support of card encryption; helps ensure our customers can remain compliant with current mandates and PCI regulations," said Bill Weingart, Chief Product Officer, Fifth Third Processing Solutions.  "This is a significant advantage for Fifth Third Processing Solutions and we are pleased to provide the MTXEPS solution to help manage software versions, assist in verifying merchants are using compliant software, and help protect sensitive data and information."

"We are very pleased with Fifth Third Processing Solution's decision to work with ServerEPS to promote solutions that allow retailers to implement more secure processing solutions and validate PCI compliance," said Jon Elwood, President, MTXEPS.  "It is the right solution for the times.  We know it will help their customers with compliance and help the retailer sleep better at night knowing no card data is stored in their enterprise."

About MTXEPS, Inc.

MTXEPS is a privately held company based in California, markets electronic payment software solutions directly and through reseller channels.  Leveraging over twenty years of experience, MTXEPS software suites offer a totally new dimension in enterprise electronic payments.  Our solutions are seamlessly integrating to both point of sales and PIN pads while allowing the merchant to take advantage of MTX's feature rich solutions with remote command and control.  Our solutions are architected in a phased approach to secure customer card data, going above and beyond today's Data Security Standards (PCI-DSS).  Learn more at www.mtxeps.com.

Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB)

As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions' and retailers' credit card, debit card, merchant and private label programs processing over 33.3 billion ATM and point of sale transactions and over $344 billion in debit and credit card sales volume annually. Its subsidiary, NPC is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market.  The Company supports over 180,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 11 countries. According to the Nilson Report (March 2010), the Company is the third largest U.S. merchant transaction acquirer. Learn more at www.FTPSLLC.com.

SOURCE Fifth Third Processing Solutions

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED