News
Squirrel One POS System Integrates Merchant Link's TransactionVault™
Both Validated by Visa as a Payment Application Best Practice To Help Achieve PCI Compliance
FOR IMMEDIATE RELEASE:
SILVER SPRING, MD - April 29, 2008 - Merchant Link, a leading payments gateway company, said today that its flagship credit card security product, TransactionVault™, has been integrated with Squirrel Systems' suite of payment solutions, led by SquirrelOne.
Squirrel Systems' fully modular and highly scalable restaurant point-of-sale and management system now includes the Merchant Link security solution, which removes sensitive customer credit card data from the point of sale, and transports it to a safe "vault." SquirrelOne and TransactionVault have both been validated by Visa as a Payment Application Best Practice (PABP), and both help restaurant and lodging clients achieve Payment Card Industry (PCI) Data Security Standard (DSS) compliance.
"Our integrated solution with Squirrel Systems is not only a winner for both companies, but more importantly, for our future joint restaurant clients," said Merchant Link President Christopher Justice. "The combination of SquirrelOne's comprehensive capabilities and TransactionVault's ability to remove sensitive customer credit card data from the point of sale should give any restaurant operator the ultimate confidence that his bottom line and his customers' security are both well-cared for."
Merchant Link will support Squirrel Systems' dealer and sales channels, and conduct joint marketing campaigns with the Vancouver-based company. The TransactionVault driver installation is simple and includes dial backup. The combined point of sale solution offers connectivity to many credit card processors and supports gift cards and American Express Direct.
"With the ever-changing security requirements of the payment card industry, merchants are finding it difficult to keep pace. The SquirrelOne and TransactionVault combination reduces the merchant's exposure to hackers by removing sensitive cardholder data from the POS system," said Squirrel Systems Joe Cortese, vice president, research and development. "Merchant Link's tier 1 secure data center and comprehensive one-to-many payment offering provides a good balance of security and processor selection."
Merchant Link and Squirrel Systems recently completed a successful beta test of the combined SquirrelOne Restaurant Management System -TransactionVault solution with Red Lion Hotels, an operator of more than 50 properties in Canada and the United States.
More than 6,000 restaurants, including major chains, currently use TransactionVault™, Merchant Link's flagship security product, to help them achieve PCI compliance. TransactionVault is a technology that works through the Merchant Link infrastructure at the point of sale. It is an ASP service that houses credit card information in Merchant Link's secure "vault" so that data does not reside in the merchant's system, placing it at risk to hackers
Squirrel Systems is a leading total solutions provider of point of sale and management systems for independent and chain establishments, including restaurants and food and beverage operations in hotels, resorts and clubs. Headquartered in Vancouver, Squirrel Systems and Squirrel Systems Canada are privately held companies. In its 20 years of profitable operation, Squirrel has earned a reputation for innovation and excellence by meeting and exceeding the needs of more than 10,000 customers with 50,000 installed Squirrel workstations. As the first company to introduce touch-screen ordering into the restaurant market, it has a long track record as an innovator. To learn more about Squirrel, visit www.squirrelsystems.com.
Merchant Link provides secure solutions to the integrated point-of-sale industry, including high-end technical support and data transport services. Merchant Link currently supports more than 120,000 hotels, restaurants, ballparks, and other venues, and maintains connectivity to the major US payment card processors. Founded in 1993 and headquartered in Silver Spring, Md., Merchant Link is a subsidiary of Chase Paymentech Solutions, a joint venture between JP Morgan Chase & Co. and First Data Corporation. The company handles more than 1.7 billion transactions annually, in all 50 states, Antarctica, Canada, Bermuda, South Korea and Japan. Further information is available at www.merchantlink.com.
For more information please contact:
Squirrel Systems
Linda Gillis
Director, Marketing
Email: lgillis@squirrelsystems.com
Phone: 250.275.2589
