InterCept Payment Solutions Inc. has become the first payment processor to offer a true end-to-end solution that endorses and incorporates both tokenization and encryption for securing cardholder data from the card reader through the entire transaction lifecycle. Using encrypted card readers with EPX's BuyerWall credit card data tokenization technology, EPX stated that it has virtually removed merchants' point-of-sale systems and card readers from the scope of PCI compliance and has substantially eliminated merchant liability associated with the risk of processing, transmitting, and storing sensitive cardholder data. Encryption built into hardware and software at the point of sale provides strong protection against potential breaches before card numbers enter into the authorization process by immediately encoding credit card numbers upon the card swipe. Further securing the transactions, tokenization provides security against data breaches and identity theft after the initial card swipe by replacing account numbers with values that are meaningless to hackers and identity thieves.

InterCept Payment Solutions Inc. has announced it has enhanced its patent pending BuyerWall Solution to now provide complete removal of cardholder liability for merchant payment processing at the point of card swipe in a retail environment by instantly securing data. Using BuyerWall's enhanced retail solution, retail merchants can now process credit card transactions completely outside of their technical infrastructure. As the card is swiped, the track data is encrypted and then securely transmitted to EPX ensuring the merchant's system never handles any exploitable cardholder data, eliminating the possibility of both external and internal fraud right at the point of swipe, including the type of thievery highlighted by the Hannaford Brothers Supermarket's data breach. EPX's BuyerWall already removes cardholder data from merchant databases. The addition of this new swipe technology connected with BuyerWall eliminates the potential for data compromise from the moment the card is swiped all the way through settlement, chargebacks and long term historical reporting.

Electronic Payment Exchange announced the appointment of John Coleman as Director of Bank Alliances. In his new position, Mr. Coleman will provide EPX's innovative payment processing services to banks and Independent Sales Organizations (ISOs) in the U.S. and internationally. Mr. Coleman will assist banks and ISOs in growing their merchant portfolios and increasing their revenue by providing EPX's portfolio evaluation services, side-by-side sales, product demonstrations, customer seminars, and bank and merchant training support and services.