Sphere Payments, LLC, Parent of TrustCommerce, Appoints Steve Rizzuto as Chief Executive Officer
IRVINE, California, February 28, 2012 — TrustCommerce, provider of secure payment and risk management solutions, has launched PayWithItTM, a comprehensive mobile payment acceptance solution for merchants who would like to accept credit cards, signature debit cards, and ACH in the field. Available through popular mobile devices, merchants can securely and wirelessly capture payments manually or via encrypted card swipe using PayWithIt.
PayWithIt is ideal for environments where flexibility is key. Fundraisers, insurance agents, hospital ERs, transit authorities, distribution centers, trade shows, and countless others benefit from the convenience of adding mobile payment acceptance to their comprehensive payment system. Included with a TrustCommerce payment gateway account, PayWithIt allows merchants to leverage the full spectrum of TrustCommerce payment acceptance and reporting products at no additional cost.
Features include:
- Support for all major payment activities: pre-authorization, sale, post-authorization, credit, void
- AVS and CVV support
- Signature capture (available on touch screen devices)
- In-application basic reporting
- Web-based administration interface for comprehensive reporting
- PIN-based access security with data wipe after excessive failed log on attempts
- Email receipts to consumers
“PayWithIt is designed with security as the foundation,” says Rob Caulfield, TrustCommerce Chief Executive Officer. “It relies on the strongest encryption available and aligns with rigorous security standards. Merchants can now accept payments on their mobile device confidently, knowing the data is safe.”
Exceeding the PCI-DSS, PA-DSS, and other applicable standards, PayWithIt uses point-of-interaction (POI) encryption with anti-skimming, memory mitigation, SSL transmission encryption, and the highly secure TrustCommerce processing and reporting products.
PayWithIt integrates with leading encrypted card swipes that support TDES and AES encryption, use DUKPT Key Management and more. These devices simply plug into the devices audio jack, dock connector port, or Bluetooth.
Available as a free download from iTunes, PayWithIt currently serves Apple iPad, iPod Touch and iPhone devices. The service requires a Wi-Fi connection or a mobile device data plan (optional). Merchants may purchase the encrypted card readers directly from TrustCommerce. Support for Blackberry, Android and other mobile devices are scheduled for release later this year.
About TrustCommerce
Headquartered in Irvine, California, TrustCommerce provides secure payment processing for companies of all sizes—from start-ups processing 100 transactions a month, mid-size companies processing 25,000 transactions a month, to Fortune 500 businesses processing millions of transactions per month from multiple locations. We safeguard the merchant-customer relationship by providing speed, security, reliability and a commitment to earn and keep merchant’s valued trust. To learn more, visit www.trustcommerce.com.
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