Ingenico Group, global leader in seamless payment, announced that Stage Stores, a leading neighborhood retailer that delivers brand-name family apparel in 40 states across the U.S., implemented with Chase Paymentech point-to-point encryption (P2PE) for its almost 900 stores in the US. Now customers shopping at Stage Stores’ five brands (Bealls, Goody’s, Palais Royal, Peebles and Stage) will conduct their payment transactions on Ingenico Telium terminals using Chase’s Safetech encryption, powered by Ingenico Group’s On-Guard technology.
“Securing our customers’ information is very important to us. Ingenico Group and Chase Paymentech have been great partners in assisting Stage Stores with developing our multi-layered Cyber Security Strategy,” said Steven Hunter, Executive Vice President and CIO at Stage Stores.
Ingenico Group’s On-Guard technology was the first encryption technology to be included in a Payment Card Industry Data Security Standard (PCI DSS) certified P2PE solution, and the first in the U.S. to be certified as part of a complete solution with EMV. On-Guard provides merchants with a data security strategy that not only protects payment data, but also provides a clear roadmap for PCI P2PE approval.
“It has long been understood that total payment security requires a layered approach,” said Gregory Boardman, Senior Vice President of Product and Development for Ingenico Group. “As we count down to the EMV liability shift in 2015, the issue of card fraud is a growing one. Retailers are keenly aware of the necessity of protecting card data across their networks and the Safetech solution provides powerful protection for Stage Stores against data compromise. Because On-Guard technology encompasses all payment types and modes, this is an added benefit to the consumers who want to pay using magstripe, EMV or even contactless payment methods.”
Another advantage to the Ingenico Group system was that each of Stage Stores’ devices were updated to activate the Safetech solution without being removed from service, thanks to Ingenico Group’s Estate Manager platform. In most cases, P2PE technologies require the injection of a special key to activate the service. Ingenico Group’s Remote Key Injection system (RKI) allowed for this key insertion while the terminals remained installed in the field, therefore eliminating business disruptions and providing a big cost savings for Stage Stores.
“Merchants want shopping to be easy, safe, secure and reliable for their customers, while also mitigating the risks and costs associated with storing, processing and transmitting online payment data,” said Jim Allen, Group Executive of Enterprise Product Management for Chase Paymentech. “We are pleased to help Stage Stores address this need with our Safetech fraud and security solutions to provide a safe and optimal shopping experience for their customers.”