SOURCE: Protegrity

Protegrity

September 09, 2014 09:00 ET

JustGiving Selects Protegrity for Vaultless Tokenization, PCI DSS Compliance

Push for Better PCI Data Security, Simplified Compliance Grows Stronger From Merchants and Banks

STAMFORD, CT--(Marketwired - Sep 9, 2014) -  Protegrity, the leading provider of data-centric enterprise data security solutions, today announced a new customer relationship with JustGiving, the world's leading online fundraising platform. The relationship with JustGiving supports a broader trend towards tokenization technology adoption within the Payment Card Industry (PCI) and as a result, growing demand for the Protegrity Vaultless Tokenization (PVT) solution.

"In the last six months, we've seen a major shift from encryption to tokenization technologies among merchants and the payment industry as a whole -- in particular to PVT," said Protegrity Chief Technology Officer and PCI SCC task force member, Ulf Mattsson. "The major drivers seem to be increased security, by removing sensitive data from systems and applications, and the resulting reduced PCI audit scope."

PVT's high transparency to existing systems and small technological footprint has also helped merchants gain PCI DSS compliance faster and with fewer issues.

"We had strict requirements for our PCI DSS compliance project, including a limited timetable and minimal modifications. Protegrity Vaultless Tokenization provided an elegant solution to easily meet them all," said Richard Atkinson, Chief Information Officer for JustGiving.

More banks are also pushing for broad adoption of tokenization technologies, in an effort to fill the security gaps left over from the planned migration to the Europay MasterCard Visa (EMV) smartcard standard. This includes "card-not-present" transactions and securing the data flow throughout the payment lifecycle.

Protegrity is exhibiting PVT technology at the upcoming PCI SSC North American Community Meeting in Orlando, FL on Sept 9-11, 2014. Ulf Mattsson will also be in attendance, offering individual PCI DSS 3.0 compliance workshops for merchants at the Protegrity booth #420. Email info@protegrity.com or visit www.protegrity.com to reserve a private session.

About Protegrity: Proven Experts in Data Security
Protegrity is the only enterprise data security software platform that leverages scalable, data-centric encryption, tokenization and masking to help businesses secure sensitive information while maintaining data usability. Built for complex, heterogeneous business environments, the Protegrity Data Security Platform provides unprecedented levels of data security certified across applications, data warehouses, mainframes, big data, and cloud environments. Companies trust Protegrity to help them manage risk, achieve compliance, enable business analytics, and confidently adopt new platforms. For additional information visit www.protegrity.com.

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