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MBS TEXTBOOK EXCHANGE SELECTS PAYMETRIC TOKENIZATION

College Bookstores Leveraging Technology to Improve Security

Atlanta, GA – November 1, 2010 – Paymetric Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, announced today that it has partnered with MBS Textbook Exchange Inc., the leader in wholesale textbook distribution, to provide college bookstores with payment card tokenization solutions.  Hundreds of colleges and universities that are using the MBS POS/EPS system can now leverage Paymetric’s award-winning tokenization technology to eliminate the storage of cardholder data from their retail environment, subsequently minimizing the risk of a data security breach and reducing the cost and scope of PCI compliance.

“We are very excited about the partnership we have formed with Paymetric and the ability to provide a proven tokenization technology to our customers and are dedicated to providing them with solutions that make it easier to operate their bookstores,” said Jeffrey Miller, director of systems sales, MBS Textbook Exchange Inc.  “By implementing the tokenization solution, MBS POS customers can eliminate some of the pain they have been experiencing with maintaining PCI DSS compliance and mitigate unnecessary risk.”

Paymetric’s tokenization solution completely eliminates the storage of sensitive cardholder data, which dramatically improves data security while quickly reducing the scope and financial burden of compliance with the Payment Card Industry Data Security Standard (PCI DSS). When utilizing tokenization technology, credit card data is captured at MBS POS/EPS and is swapped for a surrogate value known as a “token”. Payment processing is unaffected. MBS POS continues its operations normally with tokens that span the entirety of the customer relationship. With no credit card numbers stored on the system, colleges and universities are less ex­posed to a data security breach, and the effort required to perform the annual PCI audit is greatly relaxed.

“The Paymetric tokenization infrastructure was designed to handle massive and growing volumes, a scenario that favors college and university bookstores because of the enormous numbers of transactions they process during peak seasons,” said Larry Wine, president and CEO, Paymetric. “We applaud MBS Textbook Exchange for proactively solving their customers’ pain around payment acceptance risk and compliance and look forward to partnering with such a forward-thinking organization to bring a tokenization solution for MBS POS to market.”

ABOUT PAYMETRIC
Paymetric, Inc. is the leading provider of integrated and secure electronic payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric’s solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is recognized as an industry leader and is a three-time award-winning SAP certified partner. Visit www.paymetric.com for additional information.

ABOUT MBS TEXTBOOK EXCHANGE

For more than 35 years, MBS Textbook Exchange has set the standard in wholesale textbook distribution.  In addition to offering the largest warehouse of used books in the industry, MBS offers innovative bookstore management systems that simplify the essentials of a bookstore business.  MBS serves more than 4,000 institutions with a goal of delivering unique products and services to help our partnered bookstores grow into robust financial entities.  Visit www.mbsbooks.com for more information. 

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