Electronic Payment Exchange (EPX), a provider of end-to-end payment
processing solutions, announced that it has signed a multi-year
agreement with Flint Telecom to process its customers' payments.
EPX responded to Flint Telecom's requirements for a multi-channel
payment solution. Under the terms of the agreement, EPX said it will be
the exclusive processor for Flint's credit and debit card payments
using EPX's new BuyerWall platform.
BuyerWall is a patent-pending cardholder data protection system offered
by EPX that allows merchants to eliminate data breach liability while
also allowing the merchant to retain complete control of the customer
experience. BuyerWall processes, transmits, and stores sensitive
cardholder data, freeing the merchant from the associated risks, and
drastically reducing the time and expense associated with achieving
Payment Card Industry (PCI) Data Security Standards (DSS) compliance.
Merchants who are eligible to accept the PINless Debit transactions for
payment (telecom providers, educational institutions, utilities, and
government organizations) recognize a significant reduction in the
overall expense associated with non-face-to-face payment acceptance.
EPX is one of a few providers who enable their clients to take
advantage of this payment type on the Star, NYCE, and Pulse debit
networks. EPX's PINless Debit is less costly than traditional card
"We looked at a number of payment processors. EPX was the one that met
our current requirements - BuyerWall enables our PCI DSS compliance and
also eliminates our concerns about data breach liability. Plus, they
offer PINless Debit processing, which is vital to our business as many
of our customers pay for their telecom services using their debit
cards. Furthermore, we needed detailed reporting to support and help
manage our business. EPX's WebSuite gave us customized online reporting
that we provide to our resellers as part of the service," said Anthony
Thompson, Executive VP at Flint Telecom.
"Since the release of BuyerWall, EPX has expanded its customer base
significantly with retailers who are concerned about PCI DSS compliance
and data breach liability. EPX is extremely pleased to welcome Flint
Telecom to the growing family of leading brands that EPX serves. Flint
is a leader in the VoIP industry, and we are proud to provide them with
payment processing services that will assist them in meeting their
customers' needs," said Ray Moyer, CEO and President of EPX.
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((Distributed on behalf of 10Meters via M2 Communications Ltd -
((10Meters - http://www.10meters.com))
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