News | February 20, 2014

ProCharge Validates PCI-DSS Compliance – Receives Updated Report Of Compliance (ROC)

National payment processor Electronic Payments announced the issuance of a Report of Compliance (ROC) and the validation of the company’s flagship product ProCharge Platform with the standard of PCI-DSS under the following categories:

  • Payment Processing – POS
  • Payment Processing – Internet
  • Payment Processing – MOTO
  • Payment Gateway/Switch
  • Merchant Services
  • Loyalty Programs
  • Clearing and Settlement

While Electronic Payments has maintained compliance with the PCI-DSS standard and a listing on the Visa and MasterCard websites since 2008, the strategic decision was made to validate ProCharge as its own product in order to further legitimize and bolster the product in the marketplace.

With ProCharge as a separate entity from Electronic Payments and undergoing a unique audit outside of the scope of Electronic Payments’ audit, it meets the requirement to become an “Open Gateway” offering processing services without a merchant account provided by Electronic Payments.  Furthermore, it sets the product apart from its competition, many of whom lack PCI-DSS compliance not only for the ISO that developed the in-house solution, but for the solution itself.

Company CEO, Michael Nardy commented, “The past year was an absolute banner year for Electronic Payments. We saw a 39% increases in gift card revenue through our eGiftSolutions channel and ProCharge platform turned on over 1,700 new merchants for our mobile, gateway, accounting software and POS plugins.”

ProCharge is available as a mobile application for Andriod and iOS in addition to integrating with popular accounting software and its POS product. ProCharge also supports e-invoicing, recurring billing, gift card processing and more.

For more information, visit http://www.visa.com/splisting/index.html.

About ProCharge
ProCharge transforms any mobile device, computer or accounting software into an instantaneous point-of-sale system, enabling merchants to process payments, refund customers and reconcile sales anytime, anywhere. It offers complete processing platform integration, flexible program options, and value add solutions to any merchant account. For more information, visit www.procharge.com.

About Electronic Payments
With “Innovation through every transaction”, Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States.  Electronic Payments currently serves businesses in all industry types and acquires new clients through a network of agent banks, sales agents and independent sales offices (ISOs).  For more information, visit www.electronicpayments.com, www.bankcardprogram.com.

SOURCE: Electronic Payments

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