CBORD Partners with FreedomPay to Deliver PCI-Validated Point-to-Point Encryption Payment Security
Thursday, July 28, 2016
Posted by: Crystal Bazarnic
Ithaca, New York—CBORD, the leading provider of identification card systems, clinical nutrition software, and food service solutions has partnered with FreedomPay to provide the industry's highest standard for payment data security. By offering the FreedomPay Commerce Platform, CBORD is enabling customers to deploy a PCI-validated point-to-point encryption (P2PE) solution with EMV, NFC, Pay-at-Table, dynamic currency conversion and card data tokenization capabilities.
The FreedomPay Commerce Platform is designed to secure highly diversified payment environments and accommodate online, offline and emerging payment technologies. The platform is fully integrated with CBORD's point-of-sale provider Oracle® Hospitality MICROS®, allowing customers to quickly deploy EMV-ready payment terminals and immediately benefit from lower counterfeit fraud and card issuer charge-backs. The FreedomPay platform also offers the flexibility to securely process card-not-present transactions for inbound phone and ecommerce purchases.
"Adding the FreedomPay Commerce Platform to our broad array of solutions satisfies an immediate need for greater payment security across our diverse customer base," said Sue Chaffee, Director of Product Manangement, CBORD. "FreedomPay offers our customers a single platform that solves all their payment security needs."
CBORD's integrated solutions are carefully tailored to manage complex services for higher education, healthcare, senior living and business campuses. Offering a PCI-validated P2PE payment solution with tokenization provides customers with true card data security for all transactions by ensuring that sensitive cardholder data is encrypted and replaced with surrogate values. By deploying a validated P2PE solution, card data is completely segmented from a customer's POS and network, resulting in a reduction in scope for annual PCI DSS compliance. Customers utilizing this solution are required to audit and document fewer controls, approximately 35 versus the normal 330, resulting in lower annual costs and unparalleled payments security.
"Our goal at FreedomPay is to continually develop innovative solutions for our partners complicated payment security issues," said Christoper Kronenthal, chief technology officer at FreedomPay. "Our partnership with CBORD reinforces our commitment to securing payments anytime, anywhere and on any device."
The FreedomPay Commerce Platform is the best way for merchants to simplify complex payment environments. Validated by the PCI Security Standards Council for Point-to-Point Encryption (P2PE) along with EMV, NFC and DCC capabilities, global leaders in retail, hospitality, gaming, education, healthcare and financial services trust FreedomPay to deliver unmatched security and advanced value added services. With broad integrations across top point-of-sale, device manufacturers and payment processors, supported by rapid API adoption, FreedomPay is driving the future of commerce and customer interaction. The FreedomPay Commerce Platform operates on the Windows Platform and is fully supported by the security and scalability of the Microsoft Azure cloud. For more information, go to www.freedompay.com.
CBORD powers technology solutions for higher education, healthcare, senior living, and business campuses enabling users to create optimal experiences for their students, patients, employees, and residents. Guided by customer-centric development and support, CBORD has pioneered software for dining operations, nutrition analysis, security, card systems, and housing for over forty years.
CBORD operates as a unit of Roper Technologies, a constituent of the S&P 500®, Fortune 1000®, and the Russell 1000® indices. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education, and other niche markets worldwide.