MGS Hosted Payments Saves Merchants PCI Compliance Expense
Posted on Thu, Sep 01, 2011 @ 12:45 PM
Maas Global Solutions, the leading visionary for transaction processing platforms, today announced Paymentsite Hosted Payments, an online payment processing solution that allows merchants to collect payments from a web page without concerns about Payment Card Industry (PCI) security standards for collecting and storing sensitive customer information. Data security concerns have created an entire industry surrounding PCI compliance but with Hosted Payments, sensitive payment data that used to trigger expensive payments infrastructure improvements is “hosted” on MGS’s PCI Level 1 compliant servers. This can eliminate the need for any infrastructure upgrades at the merchant level, saving online retailers 10’s, if not 100’s of thousands of dollars.
Las Vegas, NV (PRWEB) September 01, 2011
Maas Global Solutions, the leading visionary for transaction processing platforms, today announced Paymentsite Hosted Payments, an online payment processing solution that allows merchants to collect payments from a web page without concerns about Payment Card Industry (PCI) security standards for collecting and storing sensitive customer information. Data security concerns have created an entire industry surrounding PCI compliance but with Hosted Payments, sensitive payment data that used to trigger expensive payments infrastructure improvements is “hosted” on MGS’s PCI Level 1 compliant servers. This can eliminate the need for any infrastructure upgrades at the merchant level, saving online retailers 10’s, if not 100’s of thousands of dollars.
“We are absolutely committed to providing the highest level of data security to our customers and Hosted Payments represents a tremendous way for most merchants to mitigate the high cost of PCI compliance,” said Joseph Muha, Chief Technology Officer for Maas Global Solutions.
Hosted Payments uses proprietary payments technologies and leverages the Paymentsite Gateway infrastructure. The solution is easily added to any web site with a simple HTML form. Data transmission happens using secure sockets layer (SSL) protocols to ensure confidential communications and the Gateway submits a response to the merchant’s web site to avoid data tempering attacks. A proprietary methodology using MD5 Hash technology is employed to further protect the merchant from transaction tampering. Payment details can also be stored on the PCI-compliant Paymentsite Payment Gateway so consumers don’t have to re-enter them each time they shop with a particular merchant.
Gartner Group has estimated that merchants with as few as 20,000 annual ecommerce transactions spend an average of $44,000 assessing their needs and another $81,000 for compliance. Larger merchants can spend much, much more but when a merchant uses the Paymentsite Hosted Payments service, these costs can be almost entirely eliminated.
About Maas Global Solutions
Maas Global Solutions Corporation (http://www.maasglobalsolutions.com) is a transaction technology company that owns and operates a state-of-the-art, fully redundant, load balanced data center that is Payment Card Industry (PCI) Level I, SAS 70 and Health Insurance Portability and Accountability Act (HIPAA) certified. MGS uses the latest security methods to keep sensitive customer information safe and secure. For more information, please contact Maas Global Solutions at sales(at)maasglobalsolutions(dot)com or call (805) 624-5435.
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