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July 05, 2015 7:29 PM ET

IT Services

Company Overview of Pivotal Payments Inc.

Company Overview

Pivotal Payments Inc. provides merchant services and payment processing solutions to clients in various industries worldwide. The company offers various services, such as debit and credit card processing, electronic check conversion, merchant cash advance programs, business discounts, loyalty/gift card programs, and terminal management solutions to point of sale, online, and mobile merchants. It provides services to small- and mid-sized retail businesses, e-commerce, m-commerce and other card not present merchants, chain stores, franchises, restaurants, and dealerships. The company was founded in 2003 and is based in Plano, Texas. Pivotal Payments Inc. operates as a subsidiary of Pivotal Hol...

5000 Legacy Drive

Suite 320

Plano, TX 75024

United States

Founded in 2003

Phone:

877-462-7486

Fax:

866-364-9822

Key Executives for Pivotal Payments Inc.

Chief Executive Officer and President
Chief Financial Officer and Senior Vice-President
Senior Vice President of Client Solutions
Senior Vice-President of Flexpoint
Chief Technology Officer
Compensation as of Fiscal Year 2015.

Pivotal Payments Inc. Key Developments

Pivotal Payments Completes Certification for Point-To-Point Encryption for its FlexPoint Integration Platform

Pivotal Payments announced it has completed certification for point-to-point encryption (P2PE) for its FlexPoint integration platform, further bolstering security at the point of sale by adding the high level of cardholder data protection available. Along with delivering robust anti-fraud measures, FlexPoint's P2PE solution effectively reduces PCI DSS scope for merchants, ISVs and VARs, lowering the cost and effort needed to achieve and maintain compliance. FlexPoint's proprietary software encrypts cardholder data directly at the point of sale, rendering it useless to fraudsters without a special decryption key located safely with the processor. Since the encrypted data is sent to a point of secure decryption outside the merchant's environment,in the event of a breach, liability is pushed upstream to the processor. FlexPoint removes many expensive hurdles for PCI certification and also allows POS software developers and vendors to reduce time and cost associated with PA-DSS audits. Enhanced security: Merchants and consumers benefit from encryption throughout the entire transaction chain as card data is protected in use, in transit and at rest. ISVs and VARs can benefit from accessing industries with tight security requirements. Reduced costs: PCI compliance can cost between tens of thousands to millions of dollars. FlexPoint can significantly reduce financial costs involved with PCI DSS. Time savings: Becoming PCI compliant can last up to two years, and renewing certification may last a full six months. To save time, FlexPoint's P2PE solution significantly relieves regulatory and security burdens. Fewer resources: FlexPoint helps businesses increase bandwidth and productivity by reducing resources needed to set up and maintain compliance to the latest security standards. Along with increasing pressure for better payment security, the upcoming EMV liability shift deadline in the United States and rise of NFC-enabled mobile wallets such as Apple Pay are transforming the payments landscape, pushing demand higher for merchants to upgrade their POS devices. With FlexPoint, business owners can enable a best of breed point of sale solution that accepts virtually every payment type and protects their businesses and clients from rising card fraud.

GlobalOne Announces Wide Release of Smart Transaction Routing Engine

GlobalOne, a division of Pivotal Payments Inc. announced wide release of its Smart Transaction Routing engine. This rules-based engine, now available to all merchants using the GlobalOne gateway, is designed to improve profits and identify cost reduction opportunities by intelligently routing transactions to the most cost-efficient acquirer, increasing authorization rates and minimizing risk. Benefits of GlobalOne's Multi-Currency Global Payment Technology and Smart Transaction Routing engine include: Connectivity to over 130 worldwide networks and banks with a single integration. Optimizing interchange, allowing merchants to qualify for lower rates as often as possible. Better managing transaction traffic through multiple jurisdictions for ease of entry into new markets. Automating volume throttle between merchant accounts, ensuring it never exceeds the limit permitted by the processor. Multi-currency pricing with access to over 60 foreign currencies and alternative payment options. Providing international clients with a local shopping experience, for improved client satisfaction and loyalty leading to less shopping cart abandonment and repeat business. Reducing losses associated with potential cardholder fraud. The acquiring platform will allow merchants to localize in different countries or regions, with the routing rules assisting in better managing transaction flow. Merchants can configure the Smart Transaction Routing engine and apply rules in real-time, allowing them to track results and further tailor them to their needs. Rules can be combined with a unique setup for multiple MIDs, ensuring ultimate customization. GlobalOne's Client Solutions experts will work with existing and new customers to create and adjust smart routing rules, ensuring fast and reliable implementation.

Pivotal Payments Expands GlobalOne Payment Gateway into European Union

Pivotal Payments announced that it is expanding GlobalOne, its payment gateway and global acquiring platform, into the European Union. With over a decade of successful implementation in North America, the company will provide real-time connectivity to over 130 new payment networks and banks, providing access to 60 foreign currencies as well as local European payment schemes such as iDeal, Giropay and SOFORT. Merchants signed onto the GlobalOne platform can now expand internationally to capture more sales from rapidly growing markets and improve operational efficiencies, all under a single provider. The e-commerce solution was developed to provide businesses in a card not present environment tools to expand their global reach, maximize profits and offer their clients a better shopping experience. The platform's unique technology provides a revenue lift while reducing costs and streamlines global payment acceptance. The benefits of the GlobalOne platform include: interchange optimization to reduce cross-border fees and allowing merchants to qualify for the lowest interchange programs; smart transaction routing that optimizes transactions to the most cost-efficient acquirer, improving authorization approval and minimizing risk; auto account updater that reduces card declines by keeping customer payment card data current when expiration dates and card numbers change; decline recycling programmed to intelligently resubmit previously declined transactions to recover potentially lost revenue; full-featured subscription and recurring billing solutions that reduce time and cost associated with managing client accounts; and secure card module which tokenizes sensitive payment card data to help businesses reduce security risks and PCI scope.

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