Alternative Payment Methods Transforming the Future of Financial Transactions
June 26, 2024
Kapcharge Strengthens Data Privacy Posture and Streamlines PCI Compliance with Data Privacy Vault Architecture
MONTREAL, QC – November 4, 2024 – Kapcharge, a leading payment solutions provider powered by Kapital Solutions, is proud to announce that it is strengthening its commitment to safeguarding sensitive information (such as credit card information) and maintaining the highest standards of security for its clients by implementing a data privacy vault architecture with Skyflow.
- Kapcharge launches network credit and debit payments, meaning clients can benefit from even more payment methods.
- Skyflow’s patented polymorphic encryption and tokenization gives Kapcharge the most secure way of protecting its clients’ sensitive data on the market.
As Kapcharge continues to grow and expand its services, such as the recent launch of credit card, debit card, and push-to-card payment methods, the integration of Skyflow’s data privacy vault provides a secure and scalable solution for managing sensitive information while fully complying with PCI DSS (Payment Card Industry Data Security Standard) requirements, among others.
Leveraging Skyflow’s patented polymorphic encryption and tokenization embedded within the data privacy vault enables Kapcharge to optimize its payment infrastructure to provide faster, more efficient processing while minimizing data handling risks. The new architecture also supports seamless scaling to accommodate the company’s expanding customer base and service portfolio.
“Our use of Skyflow underscores Kapcharge’s long-term commitment to providing secure and compliant payment solutions,” said Mark Francis, CEO of Kapcharge. “With Skyflow’s vault solution, we can offer our clients an enhanced level of data privacy protection, reducing risks and simplifying the compliance hurdles.”
About Kapital Solutions
Kapital Solutions is a leading provider of financial technology solutions, offering a wide range of services designed to improve financial operations and efficiency for businesses of all sizes. With a commitment to innovation and excellence, Kapital Solutions continues to drive advancements in the financial sector.
Kapital Solutions, founded in 2011, is headquartered in Montreal, Canada. For more information, visit www.kapital.solutions or follow us on LinkedIn.
About Skyflow
Skyflow is a data privacy vault company built to radically simplify how companies isolate, protect and govern their customers’ most sensitive data. Skyflow helps companies meet complex data localization requirements with its global network of data privacy vaults. Skyflow customers span verticals like fintech, retail, travel, and healthcare.
Skyflow, founded in 2019, is headquartered in Palo Alto, California. For more information, visit www.skyflow.com or follow us on Twitter and LinkedIn.
About Kapcharge by Kapital Solutions
Kapcharge is an online payments infrastructure and money service business that provides software for accepting payments, sending payouts, and managing financial transactions. Kapcharge connects businesses with the banking and payment ecosystem using a single API, offering secure and reliable services in Canada and the United States.
Kapcharge’s solutions include ACH Processing, EFT Payments, Interac e-Transfer, Visa Direct, Push-to-Card, and Credit Card Processing. They serve various industries, such as Consumer Finance, Mortgage Servicing, Automotive Finance, Property Management, Buy Now Pay Later, Payroll Management, Gig Platforms, Insurance, Healthcare, and E-Commerce.
Kapcharge is a subsidiary of Kapital Solutions. For more information, visit www.kapcharge.com or follow us on LinkedIn.
