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| [May 09, 2012] |
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PCI Compliance & Security Provider ControlScan Announces Acquisition of CRE Secure
ATLANTA --(Business Wire)--
ControlScan announced today that it has acquired Atlanta-based CRE
Secure, the industry's most advanced cloud-based secure payment solution
for online merchants. The acquisition officially closed on April 30,
with financial terms left undisclosed.
A level one PCI (News - Alert) DSS-certified service provider, CRE Secure provides a
hosted payment page that utilizes patent-pending HTML cloning technology
to deliver a more consistent experience for the online consumer as well
as a secure, PCI-compliant ecommerce solution for the merchant. CRE
Secure's technology and existing partnerships with payments industry
leaders complement ControlScan's PCI
compliance and security solutions. The CRE Secure solution offers
ecommerce merchants, and the acquirers who serve them, a way to
significantly reduce PCI scope, making the compliance process simpler
and more affordable.
"The combination of ControlScan and CRE Secure is a natural fit that
provides increased value for our current ISO, acquirer and processor
partners who are ooking for a full suite of PCI compliance and security
solutions for their merchants," said Joan Herbig, CEO of ControlScan.
"By adding CRE Secure's ecommerce products, ControlScan will now offer a
solution that advances our mission to further simplify the process of
compliance for ecommerce merchants."
Payment providers and merchants have benefitted from CRE Secure's
unified technology, which employs a single, cloud-based system to
support the merchant's payment channels, including online, mobile and
MOTO (mail order/telephone order). Platform plug-ins enable merchants to
connect with their preferred payment processor and existing ecommerce
solutions. These benefits translate into a seamless, simple and secure
customer experience at a lower cost to the merchant.
"This is an exciting time for ControlScan and CRE Secure as we combine
forces to further the technologies and services that help merchants
secure sensitive data across all their payment platforms," said Kevin
Lee, president and CEO of CRE Secure. "CRE Secure will continue to
provide the same great service customers have come to expect, and over
time, will integrate with ControlScan in ways that will benefit our
companies and customers alike."
With the inclusion of CRE Secure technologies, ControlScan foresees new
opportunities in the card-not-present (CNP) space. As EMV gains
acceptance in the United States, the threat of fraud in CNP transactions
is likely to increase. ControlScan plans to advance the CRE Secure
product to further protect online merchants, who are working with
payment data from cards not physically swiped by a reader.
While specific transaction details of the acquisition were not
disclosed, ControlScan did confirm that the majority of CRE Secure's
staff will join ControlScan at its corporate headquarters, also in
Atlanta.
About PCI Compliance and Security Provider, ControlScan
Headquartered in Atlanta, Georgia, ControlScan is the leading provider
of Payment Card Industry (PCI) Compliance and Security services designed
to meet the unique needs of small to mid-sized merchants and the
acquirers that serve them. The company's flexible solutions, easy-to-use
online tools and personalized support significantly simplify PCI and
security for its clients. In addition, as an Approved Scanning Vendor
and a Qualified Security Assessor, ControlScan is positioned to help
merchants meet compliance requirements and maintain secure business
environments for their customers. For more information about ControlScan
and its cloud-based solutions visit controlscan.com or call
1-800-825-3301.
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