Making Things Better: Securing Payment Data

iPayX is pleased to debut Making Things Better: A series that explores the challenges of self pay collection and various paths to creating a complete network of consumer centric communication and care.

Making Things Better: Securing Payment Data

Following the most recent and perhaps most far-reaching security breach to affect the healthcare industry, many major news outlets are reporting the details of Anthem's cyber-attack as an escalating event.  A continuation of the high-level incidents from last year (Target, Home Depot, Community Health...), the breadth and depth of this breach juxtaposed against the size and stature of the Anthem organization, highlights growing concerns for keeping data safe. 

An "excess of 80 million" people compromised in this incident alone. 

Anthem is the "second largest" healthcare insurer in the country. 

Discovered January 29th, this incident follows two years in which over 700 retailers were hacked. 

Cyber attacks are increasing in frequency and sophistication because criminals have made it their business to hack and steal protected data.  They are very strategic in who they target and innovative in their approach, which makes it difficult to find the right defensive tactics.  While Anthem was targeted for PHI (Protected Health Information), credit card data remains a prevalent concern for merchants and consumers.  Current security standards like PCI DSS aren't enough to keep systems secure.  Hackers have penetrated these environments, finding gaps, cracks and sometimes wide gaping holes in what appears to be a secure system.  These are innovators and brilliant, devious minds we are fighting, after all.

As a consumer, it's defeating to read headlines about millions of social security numbers being stolen, or another popular retail or business chain having been breached.  It's as if these incidents are inevitable and feels like there's nothing we can do to really protect ourselves. 

But a business or merchant must realize these new realities and take swift action.  Because it would seem then, that the best way to fight breaches and hacking is with technology that is as innovative and sophisticated as what the bad guy has.  

New initiatives like the EMV (Euro/MasterCard/Visa) "chip and pin" cards offer new options for merchants to improve the security of their payment eco-system.  These cards are being issued to consumers and merchants are incented to implement the proper equipment to accept them by October 1, 2015.  If you are not educated on the EMV Liability Shift: what it means, when it takes effect and how your business is affected, Learn More Here.

Installing new EMV card readers is one step, but more can and should be done to protect card data.  Layering EMV readers with tokenization, DUKPT (Derived Unique Key Per Transaction) and encryption techniques is more of a zone defense approach.

What are your plans for securing payment data in 2015?

In our commitment to Making Things Better, iPayX offers ValutaPortsm a combination of devices and services that cast a protective net around accepting card payments.

How can iPayX help Make Securing Payment Data Better for you?

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About us

iPayX (Internet Payment Exchange, Inc.) provides payment systems, electronic document delivery, and associated customer service solutions that complement and maximize a company’s internal systems and resources. Our technology services are found in hundreds of businesses including healthcare providers, utility companies, wholesale distributors, municipal governments, service providers and other organizations in 47 states. We annually process over a billion dollars in electronic payments.

​Internet Payment Exchange, Inc. is a registered ISO of Fifth Third Bank.


We move money to you at net speed.

Internet Payment Exchange, Inc.
1946 N 13th St.
Ste 392
Toledo, OH 43604 USA
Phone: (800) 530-7004
Fax: (419) 730-7095