The Logic Group, a leading provider of omni-channel Managed Payment Services, today announced that its Solve DataShield Payments Solution is the first in the world to receive global accreditation from the PCI Council for Point-to-Point Encryption Version 2 (P2PE v2).

The key benefit of P2PE v2 is its modularity.  Merchants using this solution will not only gain the established benefits of a P2PE, but they will have greater flexibility to select the components that meet their individual needs.

Following on from The Logic Group being able to offer UK merchants the first accredited P2PE application in 2013, the newly accredited P2PE v2 solution offers UK merchants greater flexibility and control over how they process secure payments. As part of P2PE v2, individual components which fulfil specific P2PE requirements will now be listed on the PCI website as well as the overall solutions and applications.

As such, merchants will be able to clearly select those individual components they wish to integrate themselves providing larger merchants with the ability to implement and manage their own P2PE solutions for their locations – a requirement which was identified by P2PE community stakeholders

Robin Adams, Director of Technical Strategy & Architecture at The Logic Group, said “Merchants need to be able to accept as many forms of payment as possible; ensuring that they can do so in a secure fashion without affecting the customer experience. In following up our world first P2PE accreditation with another world first for P2PE Version 2, we’re giving our customers more control over how they process payments, without sacrificing security and putting their reputations at risk. Giving clients more control over individual components means they can tailor their payment solutions to their own exact requirements, while still meeting the criteria for PCI DSS compliance.  We see this as attractive to merchants with their own IT and operational capabilities.”