New Payment Processor Extranet Service Delivers Credit Card Data to
11 Processors Supporting All Major Brands
MegaPath Inc., the leading provider of
managed IP data, voice and security services in North America, today
announced that it has acquired IP Merchant Solutions for an undisclosed
amount. Through this acquisition, MegaPath is adding the new PCI
compliant Payment Processor Extranet service, providing Site-to-Site
MPLS VPN retail, restaurant and hospitality customers with a cost
effective solution for accessing leading credit card processors.
The MegaPath Payment Processor Extranet service provides merchants with
secure and reliable connectivity to transaction processing centers
nationwide. This reduces customers' check and credit card processing
fees, along with other operating costs related to supporting a legacy
(dial or satellite) non-IP infrastructure. With MegaPath, retailers can
connect to as many processors as their businesses require, and the
company provides a discount for customers implementing multiple
connections.
“As a long time customer of MegaPath and IP
Merchant Solutions, this acquisition promises to simplify our
transaction processing by further integrating it with our MPLS VPN
infrastructure and support channel through MegaPath,”
said Dan Swofford, retail technology products manager, Unified Grocers. “The
MegaPath Payment Processor Extranet service removes the burden of
managing processor connections and delivers increased cost savings that
we could not achieve on our own.”
The Payment Processor Extranet service allows users to transmit
transactions over MegaPath's private MPLS network, which then leverages
a pair of redundant private connections between the customer's MPLS VPN
and 11 credit/debit/gift card and check processors, such as Stored Value
Solutions and First Data, the largest processor in the United States.
These processors support all of the major brands, including Visa,
Mastercard, American Express, Diners Club and Discover.
MegaPath provides users with a low cost alternative to initiating their
own connections to critical credit card processors, and delivers fully
redundant connectivity via diverse network provider connections,
ensuring that retailers receive continuous access to their processors.
MegaPath's fully managed solution delivers the robust security required
by the credit card processors and PCI standards, routing the customer's
cardholder data directly to the processors via private
network-to-network interconnects to ensure that traffic is safe from
interception or theft.
“MegaPath is always focused on providing our
customers with the most reliable and secure IP communications services
to support their business goals, and with the addition of IP Merchant
Solutions we are delivering yet another value added service to improve
business operations,” said James Cragg,
President and COO at MegaPath. “By providing
MegaPath's Site-to-Site MPLS VPN customers with the ability to easily
access leading processors, we are simplifying their transaction
management and delivering considerable cost savings.”
About MegaPath Inc.
MegaPath is the leading provider of managed IP communications services
in North America. MegaPath leverages its wide selection of broadband
connectivity, Virtual Private Networks, Voice over IP (VoIP) and
security technologies to enable businesses to lower costs, increase
security and enhance productivity. Businesses of all sizes can easily
and securely communicate between their headquarters, branch offices,
retail locations, mobile workers, and business partners.
To learn more about why over 22,000 companies have chosen MegaPath's
managed IP data, voice and security services to improve their business
communications, visit www.megapath.com
or call 1-877-MegaPath (634-2728).
Keyword Tags: connectivity, credit card processors, managed ip
data, megapath, mpls vpn, pci, pci compliance, pci standards
Welz & Weisel Communications
Tony Welz, 703-218-3555
Tony@W2comm.com
