RESTON, Va. — P97 Networks and Transaction Network Services (TNS) are partnering for more secure payments.
Under the agreement, TNS provides P97 a managed tokenization service, enabling more secure provisioning and payment authorization of consumer card-on-file accounts for mobile and in-vehicle applications. Since its inception, the partnership has enabled in-dash fuel payments for more than 3 million vehicles in the United States.
“The internet of things is driving mobile commerce into retail fuel and cars, allowing merchants, oil and gas companies and manufacturers to develop greater consumer loyalty,” said Bill Versen, chief product officer at TNS. “Through our partnership, P97 Networks and TNS provide leading tokenization services that protect sensitive consumer data. P97 also gains access to a host of processing partners through the use of TNS’ secure global managed communications platform.”
The P97 PetroZone platform is a cloud-based mobile commerce and digital marketing tool that connects retail fuel, convenience, consumer packaged goods, quick-service restaurants and other merchants to their consumers by enabling payments and omnichannel digital offers on any device or connected car. PetroZone is Payment Card Industry Data Security Standard (PCI DSS) and Service Organization Control (SOC) 2 Type II compliant, using Microsoft Azure Cloud Services with multifactor authentication to protect sensitive cardholder data.
The TNS solution involves token creation, enabling consumer payment accounts to be stored on file in return for tokens, which offer fraudsters no value if compromised. Once a token is generated for an account, all future transactions involving the same account and mobile device use tokens rather than actual account details. The cloud payment, enabled by P97, uses TNS’ tokenization platform to ensure fast and secure payments. This technology is helping P97 and TNS continue to enable things such as in-dash fuel payments at participating Shell-branded gas stations across the United States.
“Working with TNS enables us to leverage their extensive global footprint and reach virtually any payments-related endpoint,” said David Nichamoff, vice president of global payments and connected car for P97 Networks. “Transaction security, speed and performance are essential components of our customer’s brand reputation and service to consumers. TNS’ reliable, highly available solutions help us provide that quality of service within our mobile payments platform.”
Founded in 1990, Reston, Va.-based TNS offers include secure transaction delivery services used by banks, transaction processors and ATM deployers around the world.
P97 Networks, Houston, creates mobile commerce solutions for the retail fueling industry with its cloud-based mobile platform and contextual commerce engine.
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