More than 300 T.G.I. Friday’s restaurants plan to use a payment card security method that masks sensitive transaction data with a numerical token, says Merchant Link, the company providing the TransactionVault service.

The restaurant chain’s use of TransactionVault marks a change in how corporate-owned restaurants process transactions, Merchant Link says. The T.G.I. Friday’s restaurants no longer will store payment data on a computer server inside each restaurant. Instead, they will maintain the information on Merchant Link’s payment gateway, Dan Lane, Merchant Link chief technology officer, tells PaymentsSource. T.G.I. Friday’s franchise owners also can use the service, he says.

A numerical token the gateway assigns to each transaction replaces the actual card data. Merchants may use the token to handle charge-backs instead of actual card data, Lane says. Merchants using TransactionVault also may use the token to generate transaction reports, which otherwise would require actual card data, he says.

Merchant Link integrated TransactionVault into the Micros Systems Inc. point-of-sale system T.G.I. Friday’s uses with a software installation. Merchant Link is developing another product to protect data in transit, which would complement TransactionVault, which protects data at rest, he says.

Merchant Link collects a per-transaction fee from TransactionVault activity and sells its products directly to large merchants, Lane says. The Silver Spring, Md.-based company also works with POS systems companies.

 

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