INDIANAPOLIS, IN, August 21, 2018 —T2 Systems, the largest parking technology provider in North America, today announced its T2 SecurePay solution has been accepted under the Point-to-Point-Encryption (P2PE) standards by the Payment Card Industry (PCI) Security Standards Council.
P2PE is a security standard for payment card data that encrypts data directly from the point a card is swiped or inserted at a payment terminal to the point that the relevant banking service receives those details, with no other systems in between—making it a much more secure process.
T2 SecurePay uses this P2PE technology with its EMV reader and software to ensure no cardholder data is exposed during the payment transaction.
"There have been multiple high-profile consumer data breaches in the last few years, and we've all seen the havoc it can bring. Using a credit card to pay for parking continues to rise in popularity, and it's more important than ever to protect the data of our customers and their parkers," said Scot DeLancey, Senior Vice President, Product and Strategy at T2. "Our payment solution has been accepted at the highest level in accordance with the PCI Security Standards Council, and we're excited to provide this peace of mind to our customers."
The benefits of using a PCI accepted P2PE solution include a reduced risk of security breach, reduced complexity and cost of annual PCI audit, and reduced chargebacks caused by fraudulent charges.
Learn more about T2's innovative and reliable parking technology solutions at T2's website.
About T2 Systems
T2 Systems is the largest parking technology provider in North America, with more than 24 years in the parking management industry and currently serving thousands of parking professionals. T2 integrates the best people, processes, and technology for powerful, high performance, and secure parking solutions. Its open technology and processes are used to manage more than 200 million parking transactions for over 2 billion dollars annually across all 50 states and ten provinces in Canada. For more information about T2 Systems, visit www.t2systems.com.