COSTA MESA, Calif.--(BUSINESS WIRE)--MegaPath Inc., the leading provider of managed IP data, voice and security services in North America, today announced that it has acquired IP Merchant Solutions for an undisclosed amount. Through this acquisition, MegaPath is adding the new PCI compliant Payment Processor Extranet service, providing Site-to-Site MPLS VPN retail, restaurant and hospitality customers with a cost effective solution for accessing leading credit card processors.
The MegaPath Payment Processor Extranet service provides merchants with secure and reliable connectivity to transaction processing centers nationwide. This reduces customers' check and credit card processing fees, along with other operating costs related to supporting a legacy (dial or satellite) non-IP infrastructure. With MegaPath, retailers can connect to as many processors as their businesses require, and the company provides a discount for customers implementing multiple connections.
“As a long time customer of MegaPath and IP Merchant Solutions, this acquisition promises to simplify our transaction processing by further integrating it with our MPLS VPN infrastructure and support channel through MegaPath,” said Dan Swofford, retail technology products manager, Unified Grocers. “The MegaPath Payment Processor Extranet service removes the burden of managing processor connections and delivers increased cost savings that we could not achieve on our own.”
The Payment Processor Extranet service allows users to transmit transactions over MegaPath's private MPLS network, which then leverages a pair of redundant private connections between the customer's MPLS VPN and 11 credit/debit/gift card and check processors, such as Stored Value Solutions and First Data, the largest processor in the United States. These processors support all of the major brands, including Visa, Mastercard, American Express, Diners Club and Discover.
MegaPath provides users with a low cost alternative to initiating their own connections to critical credit card processors, and delivers fully redundant connectivity via diverse network provider connections, ensuring that retailers receive continuous access to their processors. MegaPath's fully managed solution delivers the robust security required by the credit card processors and PCI standards, routing the customer's cardholder data directly to the processors via private network-to-network interconnects to ensure that traffic is safe from interception or theft.
“MegaPath is always focused on providing our customers with the most reliable and secure IP communications services to support their business goals, and with the addition of IP Merchant Solutions we are delivering yet another value added service to improve business operations,” said James Cragg, President and COO at MegaPath. “By providing MegaPath's Site-to-Site MPLS VPN customers with the ability to easily access leading processors, we are simplifying their transaction management and delivering considerable cost savings.”
About MegaPath Inc.
MegaPath is the leading provider of managed IP communications services in North America. MegaPath leverages its wide selection of broadband connectivity, Virtual Private Networks, Voice over IP (VoIP) and security technologies to enable businesses to lower costs, increase security and enhance productivity. Businesses of all sizes can easily and securely communicate between their headquarters, branch offices, retail locations, mobile workers, and business partners.
To learn more about why over 22,000 companies have chosen MegaPath's managed IP data, voice and security services to improve their business communications, visit www.megapath.com or call 1-877-MegaPath (634-2728).
Keyword Tags: connectivity, credit card processors, managed ip data, megapath, mpls vpn, pci, pci compliance, pci standards