The holidays are the biggest time of year for retailers and cybercriminals. From November through January, businesses on average earn about 20% of their annual sales, while cyberattacks like ransomware increase 30%, according to researchers. Last year, cybercrime cost the global economy $6.1 trillion. But this year, merchants will be safer than ever before. That’s because Red Maple’s security software Clever Division now gives merchants the option to not take any credit card information from their customers to make purchases. Not one digit. No data means thieves have nothing to steal, hack or breach.
“More and more merchants don’t want to see or even hear the credit card numbers from customers. It leaves them wide open to criminals who are working round-the-clock to steal information through employee theft, fraud, digital hacks and breaches. That’s why we created these new options for merchants in our Clever Division software,” said Patrick Hodo, Red Maple CTO. “When you don’t take or store someone’s financial information, no one can take it from you.”
Cybercriminals have been taking from plenty. Hackers have breached nearly every major business from Facebook to Walmart to the federal government and stolen trillions of personal records, according to HaveIbeenpwned.com. (Check to see if your company, email or website has been hacked.)
“The Gold Standard is to take no credit card at all.”
– Patrick Hodo, Red Maple CTO
Clever Division is the most secure product on the market for business-to-business and business-to-consumer transactions. The software is used by small, local businesses to major international corporations including a national consumer chocolatier, a major football team, and a global outdoor clothing company.
The security software allows businesses to take orders online, by phone, email, text and fax. Your customer-service team can securely enter customers’ credit card numbers with two-factor entry using the most secure PCI platform available. In that case, your business would enter the first four digits and the last four digits of the card number, and then the customer would enter the middle four digits after receiving a secure link via text or email.
The revolutionary change is that Clever Division now can also put customers 100% in charge of their own information with two new options:
- Dial in your card – When businesses take orders over the phone, customers can receive a phone call on their secondary line – while the merchant holds – and type in their own credit card numbers.
- Click to pay – When merchants take orders, customers can receive a secure link via text or email that shows the invoice and allows them to enter in their own credit card numbers.
The customer information goes into a secure customer portal. Once the numbers are verified with your processor, Clever Division delivers a secure token to complete the order. Simultaneously, Clever Division scrambles the data and divides it among separate, secure vaults. The software protects companies from credit card theft because even if hackers were able to breach the system, they would only find incomplete meaningless data.
If businesses don’t accept credit card information, they no longer have to comply with Payment Card Industry (PCI) regulations to ensure the security of credit card transactions.
“The Gold Standard is to take no credit card at all,” said Hodo. “That’s the peace of mind Clever Division offers businesses and their customers.”
Hodo says the dial-in-your-card option adds extra security for salespeople working from home or on their cell phones.
“Salespeople can now be anywhere and still securely accept credit card information on their cell phones which they weren’t able to do before now,” says Hodo. “It also solves the problem of customers giving out their credit card information on business phone systems that record every call. Now, no one will ever hear or track the numbers. Not the salesperson, the business, or the phone recording.”
The secure customer portal also allows recurrent customers to check and pay invoices to accelerate accounts receivable so that businesses get paid more quickly.
Company Contact: Jennifer Robertson, firstname.lastname@example.org or 830-280-0400
Media Contact: Diane White, Diane@DianeWhitePR.com or 918-770-3905
About Red Maple
Red Maple™ specializes in developing turnkey solutions that natively expand the capabilities of Microsoft Dynamics™ AX and Dynamics 365 for Operations. Globally deployed by 500+ companies, Red Maple’s solutions offer Extensions and Additions to AX. Advanced Extensions support complex business processes for credit cards, commissions, workflow, and recurring billing (including maintenance, usage, and royalties). Their Horizontal Additions add new capabilities for revenue recognition, warranty management, chargeback claims management and mobile workflow. Red Maple also provides industry specific solutions for both retail and software distribution. The company’s Advanced Credit Card solution enables businesses to securely accept and process credit card payments using native integration without hidden costs. Using pre-integration with multiple processors and gateways, Red Maple provides an omni-channel experience with processing from native client, Retail (mPOS/ePOS) and integration with numerous e-commerce engines.
What’s the best way to protect my business from cybercrime?
Cybercriminals want your customers’ credit card information, so to fully protect your business, don’t store or record any of it. Instead, consider the security software CleverDivision to take away the stress and responsibility of compiling databases with vulnerable information. Clever Division is the most secure PCI platform on the market today,
How does Clever Division collect credit card information and keep it safe from hackers?
Immediately after receiving the information, Clever Division divides, scrambles, locks up, and even deletes some of the data making it incomplete and useless to cybercriminals. It also uses two-factor authentication with every sale.
Do I have to change my credit card processor to use Clever Division?
No. Clever Division fully integrates with multiple major credit card processors so you can be up and running in one week.