You’ll also have access to educational resources that explain what you need to do to stay secure. You won’t be alone – Clearent’s staff of security experts are on-call, ready to guide you through any processes and offering quarterly network scans and status reports. To alleviate this, DataGuardian includes a full suite of network security tools to help you secure your network. It’s not as simple of a task as it sounds, because this means it also needs to secure your network and your connection to your payment processor and gateway. To maintain PCI compliance, DataGuardian uses end-to-end encryption based on tokenized authentication. In addition, the company maintains updated information, resources, and step-by-step guides to keep you current on security best practices. This includes ecommerce, mobile, and card transactions. PCI compliance, data and network monitoring, and live support are offered to ensure full integration with your current payment solutions. Introducing the DataGuardian product is its way of extending that security to more business owners. These security tools have always been used to protect the company’s own business customers. Based in Missouri, Clearent has long worked in credit card processing. How do I cancel it?ĭataGuardian is a complete suite of security tools offered as a standalone product. Read on for more information on DataGuardian and how it can protect your business and your customers. If you use Clearent as your processor, you’re able to take advantage of the tools offered by the DataGuardian Security Suite. If you own a business that accepts credit cards, you need protection from security threats. Hackers and thieves don’t care if you’re a one-man weekend operation or a major corporation. When was the last time you saw someone using a manual credit card imprinter? Whether you accept payments from chip credit cards or Apple Pay, the risks (and regulations) remain essentially the same. Data breaches and other advanced cybersecurity threats make PCI compliance and payment security a necessity for even hobby businesses. Xplor will be based in Atlanta.Business is different than it was even a decade ago. We're the only global player doing what we do, so the high-growth opportunities are there," he says.Ĭlearent CEO Pamela Joseph will serve as executive chairman of Xplor, while TSG's Floris de Kort will become the new company's CEO. "I know it sounds cliche, but the opportunities are endless. Xplor will offer cloud-based software solutions for businesses in five industry verticals - education, health and fitness, boutique wellness, field services and personal services, with payment processing supplemented by tools for customer relationship management tools and wrangling loyalty programmes - with an emphasis on mobile apps. The entrepreneur says Xplor will have a unique mix of service offerings. But ultimately, also one with an outcome he's very happy with.Īnd more M&A could be ahead, though Bolton also sees strong organic-growth ahead for the merged company. "It was a strange situation," Bolton says. He had meet Advent brass in real-life, but with Clearent, he could only see the whites of their eyes over zoom. The new company, to be called Xplor Technologies - is pitched as a platform for the "subscription services economy" as Covid accelerates the uptake of e-commerce.Ī Bloomberg report, citing sources close to the deal, valued Xplor at US$3 billion.īolton would not comment on the valuation, citing confidentiality clauses, but did tell the Herald he will be the second-largest shareholder in the new company after Advent itself, implying his holding is worth some US$360 million ($494m).įormer Brierley Investments and Skellerup executive and current Corporate Cabs owner Bolton is best known to the public for his stake in the Auckland Blues (sold to Auckland Rugby for $5m in 2018), and buying the upmarket Mollies "hotel to the stars" in 2016 to remodel the boutique hideaway as his private residence.īut his biggest success was the under-the-radar Transaction Services Group, a two-decade old payment solutions company in which he had a 50 per cent stake.įor 2018 - the final year it posted a statement as a standalone entity, TSG, which posted results in Australian currency, reported an operating profit of A$44.8m, compared to A$32.9m in 2017.īolton told the Herald it was the first major deal he'd participated in without face-to-face meetings.
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