5 Ways Transit Embraces Electronic Payments

Transit and parking systems are making the move to electronic payments as they face tighter budgets, seek to operate more efficiently, and improve the customer experience. Moving from cash to electronic payments brings many benefits. In many cases, it can improve cash flow and is less expensive than collecting cash. Accepting electronic payments can also resolve other customer experience issues like these identified in a recent MasterCard study1:

  • 65% of US commuters who use cash to pay for mass transit worry about having the right amount to pay for their trip.
  • 36% were unable to take mass transit at some time because they did not have enough cash on hand.
  • 44% have missed a bus or train while waiting in line to purchase a ticket or add money to a fare card.

Take a look at 5 ways transit and parking industries are accepting electronic payments.

New to Electronic Payments? Start Here

Those new to electronic payment processing often ask, “Why do I need a payment gateway?” It’s a great question and this article will help explain.

In order to process electronic payments such as credit cards, debit cards, and ACH/electronic check payments, merchants work with payment gateways. A payment gateway sends the electronic payment data to a processor/acquiring bank that routes the payment securely to the issuing bank. A payment solution handles this complex workflow in mere seconds. An issuing bank maintains the consumer’s credit card account and pays out to a merchant’s account when the consumer makes a credit card purchase.

The gateway can be one piece of an overall payment solution. TrustCommerce payment solutions include gateway functionality, and much more.

Healthcare Kiosks Catch On

Seems like everywhere you turn, organizations are leveraging kiosks in retail environments. Healthcare is no exception. In a push to improve the patient experience, increase efficiency and reduce costs, implementing kiosks has become a natural choice.

TrustCommerce Strengthens Integration with Leading Patient Management System

IRVINE, California, February 4, 2013 — TrustCommerce, leading provider of Point-to-Point Encryption (P2PE) payment solutions, is pleased to announce integration with Epic 2012 for payment processing in Resolute, MyChart and Welcome.

TrustCommerce is dedicated to providing solutions that remove credit card data from provider environments and reduce PCI scope. Currently, TrustCommerce supports full end-to-end encryption with Epic Resolute and Welcome through the use of encrypted card swipes and encrypted key entry. In addition, TrustCommerce is the only payment solution that supports a transparent redirect model for the online MyChart product, ensuring sensitive cardholder data never enters the healthcare organization’s environment. Healthcare organizations can use tokenization within Epic 2012 MyChart and Welcome, dependent on the client’s overall system design.

Make Payment Security a Daily Priority

Merchant who store, process or transmit cardholder data, must be compliant with the PCI Data Security Standard. More often than not, PCI DSS Compliance is a starting point for protecting payments, not an achievement that can be crossed off a check list.

Headlines remind us of the ongoing risk of data compromise. A franchising company is the latest example. According to the company’s press release, an internal forensic investigation, launched after fraudulent activity was found on several payment cards that had been used at the company’s locations, identified suspicious files, including malware, on the licensees’ computer systems at 108 locations in 10 states. The franchising company is concerned that the suspicious files could indicate that an attacker(s) may have accessed data, including credit and debit card information. It is yet to be determined whether credit or debit card data was exposed.

To help you better understand how TrustCommerce’s security products could have helped prevent this “malware” attack, here are some key points.

TrustCommerce Launches Certified Solution Program

IRVINE, California, February 1, 2013 — TrustCommerce, leading provider of Point-to-Point Encryption (P2PE) payment solutions, has launched a Certified Solution Program. This program works with third-party vendors to integrate and test solutions following best practices. It is designed to provide partners and clients value-added services that complement TrustCommerce payment solutions.

TrustCommerce Welcomes New Certified Partner, OwnerReservations.com

IRVINE, California, January 7, 2013 — TrustCommerce, provider of comprehensive payment processing and risk management solutions, welcomes new certified solution partner, OwnerReservations.com.

OwnerRez is an online booking service for vacation rental property that helps owners save time, create quotes and bookings faster, look professional and keep detailed records without needing an accountant. Their booking software improves inquiry response time while letting customers keep their current payment and billing preferences — all from an easy online interface. TrustCommerce payment solutions allow OwnerRez to collect payments and reserve security deposits through their built-in payment forms.

New National Data Breach Notification Draft Bill Introduced

U.S. Senators are again looking at crafting a law that creates a national standard for reporting data breaches. Referred to as the Data Security and Breach Notification Act of 2012 (S.3333), the draft bill would require businesses and government agencies to “take reasonable measures to protect and secure data in electronic form containing personal information.” The Federal Trade Commission would enforce the legislation, and fines for violating the law could reach up to $500,000 per incident.

There are currently 40 different state laws in place. This bill would override any existing state data breach legislation. Implementing a single law could simplify compliance and make for a more consistent notification process in the event of a breach.

TrustCommerce Advances Payment Solutions

What’s New at TrustCommerce? A Lot!

It is midway through what is shaping up to be another big year for Trust. As always, we are focused on advancing our TC SMART Products, specifically in the area of E2E/P2P encryption and tokenization. It’s fun to pioneer new innovative offerings, better to improve upon those innovations, and even more rewarding to offer the best in the industry.

You already know we’ve completed our migration to the new TC Vault! Throughout this transition, we’ve implemented many functional improvements. This new interface provides a foundation for rapid customization and enhancement. Built and designed from a customer-centric perspective, it maintains this core value from login to log-out. From the outpouring of positive responses we’ve received, we are thrilled our merchants love the new TC Vault as much as we do.

Charitable Giving Goes Mobile with PayWithIt

PayWithIt is the TrustCommerce secure mobile payment solution that works with mobile digital devices in conjunction with your TrustCommerce payment gateway account. Businesses, both large and small, can securely and wirelessly capture payments via manual entry or an optional encrypted card swipe without incurring additional mobile transaction fees.
PayWithIt is a natural fit for a variety of environments, most notably, the non-profit sector. Charitable giving is often in response to an immediate need, such as a natural disaster or other crisis. Accepting payments with a mobile device, gives charities the flexibility to respond quickly to help those in need.