Las Vegas, NV (PRWEB) January 26, 2012

Its a well know fact that data breaches add up to lost sales and revenue for any business, but even more important are the liability from lawsuits, fines for non-compliance with PCI Data Security Standards (PCI DSS) and damage to a merchants reputation and brand. Compliance with PCI requirements and federal privacy laws, even with state-of-the-art data centers, is difficult and expensive since every touch point where data is handled must be secured.

Unfortunately, businesses that accept payment details for checks and credit cards attract criminals who try to steal or destroy personally identifiable information. The increasing frequency and severity of data breaches proves that these types of criminals have become very sophisticated and skilled at identifying merchants who have left themselves open to their attacks. Paymentsite DataVault, a proven data tokenization and payment processing solution, allows merchants to comply with PCI requirements at a very low overall cost and removes the threats that merchants can experience from a data breach.

Plus, when a customers payment details are stored in the Paymentsite DataVault, merchants have quick and easy access to the payment accounts they keep on file. Fewer click = faster sales and happier customers!

How Data Vault Tokenization Works

Exchanging or replacing valuable data with substituted values creates an environment where stealing customer details are useless for cyber criminals. On the first transaction, merchants submit cardholder data to Paymentsite DataVault using a secure payment processing network. The Paymentsite Gateway encrypts and stores the customer information and then assigns and returns a token to the merchants system.

From that point forward, merchants may send transactions to MGS using the token instead of the customer information. Using tokens speeds up the payment processing experience because there is less need for data entry, and the same tokens can be used for sales, refunds, voids and credits but only through Paymentsite DataVault and the same merchant account.

These tokens have no inherent meaning so they are useless to criminals, even if the merchants system is compromised and data is stolen.

For example:

An actual card number, say 4111 3456 5678 6789, would become a token value XEEG 3433 SER5 ED19. Because its really not the actual “cardholder data,” a token can be safely transmitted through a merchants network, between various applications, business processes and databases while the sensitive data is securely stored and encrypted in the Paymentsite centralized, PCI compliant data repository.

Paymentsite DataVault leverages MGSs deep expertise and stores customer data at secure, PCI certified processing centers, and supports all types of transactions. Like all of the Maas Global services, DataVault is fully integrated into the Paymentsite Platform, the high-performance payment platform that gives businesses of every size the ability to manage the increasing complexity of payment and data security requirements.

About Maas Global Solutions

Maas Global Solutions Corporation (http://www.maasglobalsolutions.com) is a transaction technology company that owns and operates a state-of-the-art, fully redundant, load balanced data center that is Payment Card Industry (PCI) Level I, SAS 70 and Health Insurance Portability and Accountability Act (HIPAA) certified. MGS uses the latest security methods to keep sensitive customer information safe and secure. Contact Maas Global Solutions at [email protected] or call (866.293.4055).

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Denver, CO (PRWEB) December 9, 2011

The Vectra Bank Colorado Small Business Index for Colorado measured 114.2 in November 2011, down from a revised 114.6 in October 2011.

?? Colorful unemployment rate was estimated at 8.1% last month, compared to the previous months the rate of 8.3%. The total employment increased by 32,000 jobs over the past 12 months.

RECORD LOW COSTS OF FINANCING

Of all the issues that owners or managers of small businesses can complain colorful, the cost of short-term financing is not. While obtaining credit more difficult in many cases a few years ago, and financial problems in Europe and U.S. political uncertainty have increased levels of anxiety throughout the world, a constant is likely to remain in place throughout 2012 and perhaps also in 2013: the federal funds rate

the Federal Reserve’s most important federal funds interest ratethe ratehas been a target range of all-time low of 0.00% and 0.25% from December 2008, a period of three years. Moreover, the Federal Open Market Committee said frequently its intention to maintain this rate at its current level until at least mid-2013. This statement is almost unprecedented in the history of federal, as the institution has always preferred to keep players guessing as to its financial market policy change coming.

The Federal Reserve has also approved monetary policy initiatives in recent years are also unprecedented, with the intention to help stabilize national and global economies. These policy initiatives as two episodes of the flexible quantitative Operation Twist, and the latest measure to improve the availability of dollars to European banks come to mind. In addition, the lowest interest rates in the long term in 60 years may be of value for companies with access to longer term fixed rate financing.

level of financing costs in the short term is a component of the Small Business Index for Colorado.

Vectra Bank Colorado Small Business Index for Colorado measured 114.2 in November 2011, down from a revised 114.6 in October 2011. The index measures business conditions from the standpoint of small business owner or manager of Colorado.

lower index number is associated with less favorable business conditions for small business colorful. The index includes 100.0 for calendar year 1997 as its base year. The index also includes revisions to various historical and new forecast components as they become available.

COLORADO

ratethe Colorado unemployment heavier components of the index Vectra Bank Colorado Small Business for Coloradowas estimated at 8.1% last month, below the rate of 8.3% the previous month . The rate of 8.1% compared with the rate of 8.9% for 12 months. A lower unemployment rate in Colorado is a negative factor for the index, as it suggests less access to work for small businesses. Other associated factors generally associated with a lower unemployment rate, such as creating more jobs, higher incomes and profits increased retail sales, the highest throw.

state average unemployment rate of 8.9% during 2010, 8.3% in 2009, 4.8% in 2008, 3.7% and 4.3% in 2007 in 2006. Unemployment rate colorful average of 4.6% between 1990 and 2005.

the last 12 months there was an estimated increase in the use of Colorado of 32,000 jobs. This increase compares with a revised gain of 20,900 jobs over the previous year. Colorado lost 25,500 jobs in 2010, lost 104,700 jobs in 2009, added 19,000 jobs in 2008, added 52,200 jobs in 2007 and added 53,100 jobs in 2006.

These employment figures compared with average gains of 46,500 net new jobs per year between 1990 and 2005. More recently, employment growth leading to greater revenue generation and strong retail spending have a positive impact on small businesses and colorful index.

NATIONAL EMPLOYMENT

The Department of Labor reported a net gain of 120,000 jobs in November 2011, largely coincides with the expected increase of 125,000. In addition, the estimated earnings of working two months were revised upward of 72,000 jobs.

U.S. unemployment rate fell sharply to 8.6% in November, compared to the rate of 9.0% in October and the rate of 9.1% three months earlier. Much of the decrease rate was linked to 315,000 people who left

labor estimated forceand no longer counted as unemployed. The remaining decrease was linked to an estimated increase employment stronger in the survey of households in the survey of official establishments. The current rate of 8.6% unemployment rate compared to 9.8% a year ago, the rate of 9.9% in November 2009, and the rate of 6.8% in November 2008 .

production employment dropped 6,000 jobs in November, with a loss in construction (up 12,000 jobs) compensating for the small successes in manufacturing (up 2,000 jobs) and mining and logging (up to 4,000 jobs). Private sector providers of employment services increased by 146,000 jobs in November, led by gains in retail trade (up 50,000 jobs), professional and business services (up to 33,000 jobs) and education and health services (up to 27,000 jobs). The general government employment fell by 20,000 jobs during the month to another.

The U.S. economy suffered a net loss of 3.6 million jobs in 2008, the worst year since 1945. The net loss of 5.1 million jobs in 2009 exceeded by far the total of 2008. The U.S. economy added 940,000 net new jobs during 2010, or 78,000 months. Earnings during the day in 2011 rose to 1,448,000 jobs, or 132,000 per month per person.

to add only a month to meet the needs of a growing population, and just to keep unemployment stable. Consistently strong earnings are needed to bring the unemployment rate lower.

December 2011 Vectra Bank Colorado Small Business Index for Colorado will be released on 12 January 2012.

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