Enhancing Payment Security: Bluefin Partners with Moneris
Bluefin and Moneris Enhance Payment Security Solutions
Bluefin has announced a significant partnership with Moneris Solution Corporation, aimed at delivering advanced Point-to-Point Encryption (P2PE) solutions specifically designed for Canadian merchants. As a leader in encryption and tokenization technologies, Bluefin is positioned to boost security in payment processing, which is especially crucial in today’s digital landscape.
Streamlining P2PE Solutions for Smooth Operations
This collaboration allows Moneris to incorporate its security measures into Bluefin’s PCI solution, creating a comprehensive and secure deployment strategy for merchants. The new arrangement enhances the flexibility and effectiveness of the P2PE solutions that Moneris provides, catering to the diverse needs of different merchants within Canada.
Businesses choosing the P2PE options from Moneris can take advantage of a remarkable decrease in their PCI DSS compliance requirements. Estimates suggest that compliance paperwork could be slashed by as much as 70%, and scope of PCI at the point of sale could diminish by up to 90%. This makes it easier for merchants to maintain compliance without the burden of extensive data security management.
Benefits of the Bluefin and Moneris Partnership
According to Marianne Murray, Senior Vice President of Enterprise Sales at Bluefin, the partnership represents a substantial advancement in the security measures available to Canadian merchants. She mentioned that Moneris’ customers will not only gain robust data protection but also experience improvements in device management and easier reporting processes.
This collaboration liberates larger businesses from the historically tedious and costly process of managing PCI compliance. Doug Hatton of Moneris highlighted the time-consuming nature of compliance, emphasizing how this partnership allows businesses to prioritize operations rather than compliance worries.
About Moneris: A Leader in Innovative Payment Solutions
Moneris stands out as a key player in the payment processing industry, known for its innovative solutions for mobile, online, and in-store transactions. The organization processes over one-third of all transactions in Canada and provides comprehensive services designed for businesses across various industries. Their aim is to transform the technical landscape of payments, thereby facilitating business growth.
About Bluefin: Advancing Data Protection Technologies
Bluefin has made a name for itself through its pioneering work in payment card data protection using encryption and tokenization. With a diverse range of solutions catering to contactless payments, ecommerce, and various other sectors such as healthcare and education, Bluefin serves a broad spectrum of clients globally. Their reach extends to 60 countries, supported by over 300 partners and a client base of 35,000.
The partnership with Moneris exemplifies Bluefin’s commitment to data security and compliance, affirming their role as a Participating Organization in the PCI Security Standards Council. Their headquarters are located in Atlanta, where they continue to drive innovations in payment security.
Frequently Asked Questions
How does the partnership between Bluefin and Moneris enhance payment processing?
The partnership enhances payment processing by integrating Bluefin's advanced security technologies into Moneris’ existing solutions, ensuring more robust protection for merchants.
What are the compliance advantages for merchants using P2PE solutions?
Merchants can experience up to a 70% reduction in PCI DSS compliance requirements and a significant reduction in PCI scope, streamlining their compliance obligations.
Who can benefit from the P2PE solutions offered by Moneris?
All types of merchants in Canada, especially those dealing with high transaction volumes, can benefit from the enhanced security and reduced compliance liabilities.
What industries does Bluefin serve with its payment solutions?
Bluefin serves a diverse range of industries, including healthcare, higher education, government, and many others, with payment security solutions tailored to their needs.
Where is Bluefin headquartered?
Bluefin is headquartered in Atlanta, where it continues to innovate and lead in encryption and tokenization technologies for payment security.
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