Argus now using Powertranz for card payment

  • Security move: Argus Group has signed on with Powertranz to use its debit and credit card payment platform (File photograph)

    Security move: Argus Group has signed on with Powertranz to use its debit and credit card payment platform (File photograph)


Argus Group has started using the debit and credit card payment system operated by Bermudian-based Powertranz.

It is the latest business to go live with the system, which launched in July.

It means Argus staff no longer have to physically handle clients’ cards during the payment process, as customers are able to input or swipe their card in the payment device themselves.

As a result, it reduces card data risk and Argus’s PCI compliance risk.

The insurance and financial services company accepts credit and debit card payments online and offline. The Powertranz “card present” platform allows point-of-sale transactions with EMV and card-swipe functionality, where the client can complete the process themselves.

Sash Selvaratnam, Argus’s technology solutions manager said the company had secure management of credit card data before it started working with Powertranz, but its staff were still physically handling credit cards on behalf of customers during payment processing.

“We needed to further mitigate our card data risk — by allowing the customer to handle the credit card during the payment process through a secure and integrated solution,” said Mr Selvaratnam.

“Powertranz has allowed us to transfer control of payment processing to our customers. We no longer even touch our customer’s credit card. This, of course, is of great value to our customers as their payment information remains more secure through the payment process.”

Powertranz said the PCI validated P2PE encrypts card data at the point of contact with the payment terminal, removing all clear text credit card data from the merchants’ systems.

Ronnie Viera, chief operating officer of First Atlantic Commerce, the sister company of Powertranz, said: “We are pleased to have Argus sign on with Powertranz. PCI validated P2PE protection on every transaction provides the utmost security to both merchants and consumers by substantially decreasing the risk of exposing payment data.”

You must be registered or signed-in to post comment or to vote.

Published Jan 31, 2020 at 8:00 am (Updated Jan 31, 2020 at 8:15 am)

Argus now using Powertranz for card payment

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "The most effective politician of 2019"
    • David Burt
    • 8%
    • Wayne Caines
    • 9%
    • Craig Cannonier
    • 3%
    • Zane DeSilva
    • 10%
    • Curtis Dickinson
    • 6%
    • Michael Dunkley
    • 33%
    • Nick Kempe
    • 27%
    • Leah Scott
    • 4%
    • Total Votes: 11029
    • Poll Archive

    Today's Obituaries

    eMoo Posts