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Change the Way to Pay

June 15, 2015

The way businesses and customers complete over-the-counter transactions is dramatically shifting. “Tap” into the latest innovations with Sterling National Bank.

Sterling National Bank’s merchant processing resource, First Data Corporation, provides security technology for businesses accepting payments in their brick-and-mortar locations with its TransArmor® Solution. TransArmor uses processes called encryption and tokenization to protect customers’ sensitive information. By acquiring only a token that represents the customer’s encrypted data, retailers are never in possession of true personal information. This protects the customer and reduces the retailer’s liability.

Because of its effectiveness in providing security, this premium product was chosen by global tech leader Apple as the data security method used in the new payment system, Apple Pay™. This collaboration brings consumers and retailers the latest technology in processing payments.

Business owners can accept Apple Pay payments with a First Data payment processing system. In addition to the security benefits this affords to retailers, it also helps businesses appeal to the highly sought-after 18-to-35 age demographic, to whom this innovation is a natural progression in payment technology.

The basics...

> Apple Pay requires iPhone users to hold their phone close to the contactless reader and keep a finger on the TouchID™ to complete the transaction.

> With First Data’s TransArmor product, a retailer never sees a customer’s identity or payment information. The technology creates a unique transaction-specific token to transmit the data for payment.

> Sterling clients have access to these extra layers of protection with First Data merchant services. First Data payment processing systems also accept Apple Pay.

Turn to Sterling National Bank for merchant services with top-of-the-line security technology that protects your transactions. To learn more, call your relationship manager or Client Services at 855.274.2800.