Clearent Achieves PCI Validation for its Point-to-Point Encryption (P2PE) Solution

Software Vendors Using Clearent's P2PE Solution Can Now Offer Their Customers Enhanced Security and a Shorter PCI Self Assessment Questionnaire

Today, Clearent, a payments solution provider, announced that it received PCI validation for its Point-to-Point Encryption (P2PE) solution. P2PE protects card data as it moves through the payment system, making the data worthless to criminals in the event of a breach. Now that the PCI Security Standards Council has tested and validated Clearent's P2PE solution, merchants using it can take the SAQ P2PE with up to 90% fewer questions than the other versions of the SAQ. Merchants using PCI-Validated P2PE also do not need to conduct vulnerability scans or penetration testing.

P2PE is the most secure way to transfer data. Sensitive card data is encrypted at the point of interaction as soon as a card is swiped, dipped, keyed or tapped (through near-field communications technology). From there, the data remains encrypted until it reaches Clearent's PCI-compliant data center. This eliminates merchants' exposure to sensitive information, significantly reducing their PCI scope. More importantly, P2PE keeps hackers and thieves from deciphering the information in the event of a breach.

The PCI Security Standards Council's rigorous validation process for P2PE solutions includes a thorough review of encryption, injection and key management processes. The Council recently validated Clearent's P2PE solution with hardware options from PAX, Dejavoo and ID Tech. Clearent is among five U.S. direct merchant acquirers to offer a PCI-Validated P2PE solution.

"Merchants spend a lot of time and resources to protect their businesses and maintain PCI compliance," said Dan Geraty, founder and CEO of Clearent. "Merchants that use the gold standard for data encryption – PCI- Validated P2PE – get to bypass dozens or even hundreds of questions on the PCI Self Assessment Questionnaire and forgo networks scans without taking any shortcuts with their data security."

If you are a software vendor interested in learning more, visit https://clearent.com/partners/software-vendors/ or contact Dana Odom, Clearent's Director of ISV Sales at dodom@clearent.com.

About Clearent

Clearent is a payments solution provider whose commitment to honesty and transparency has made it one of the most trusted companies in the payments industry. Clearent has more than 300 employees, 45,000 merchants, and $14 billion in processing volume. From traditional point-of-sale terminals, mobile solutions, and tablet-based systems to a custom-built virtual terminal, eCommerce plugins, and hosted payments, Clearent can help small business owners securely accept payments just about anywhere. The company's proprietary processing system gives it more flexibility to deliver products that truly help its sales teams and partners stand out from the competition and sign more deals. It also helps the company deliver flexible pricing options, accurate, on-time residuals, and a suite of graphical portfolio management tools that is updated daily. Clearent's Next Day Funding service is also unique because of its 11:00 p.m. Eastern cut-off time, which is one of the latest in the industry. The company has consistently been named to several prestigious lists year after year, such as the Inc. 5000 list of fastest growing companies, The Nilson Report's list of top U.S. acquirers, The St. Louis Post-Dispatch Top Workplaces award, and the St. Louis Business Journal's list of fastest growing private companies. To learn more, visit clearent.com or call 866.205.4721.