ATLANTA-- BUSINESS WIRE -- Elavon a leading global payments provider and subsidiary of US Bancorp USB today announced its Safe-T Link with P2PE Protect received validation as a Payment Card Industry PCI Security Standards Council TM Point-to-Point Encryption P2PE TM solution Receiving this level of validation gives Elavon customers the strongest encryption protection by making data less valuable if stolen The validation underscores Elavons commitment to be the most trusted choice for businesses looking for a payments partner Adding to Elavons Safe-T Security Solutions Safe-T Link with P2PE Protect helps protect businesses from the increasing number of complex breaches as well as assisting businesses with managing card industry data protection mandates and reducing the high costs associated with maintaining PCI compliance According to the Identity Theft Resource Center in 2017 there were 1 579 breaches with nearly 18 billion records exposed Add to that IBM and Ponemons 2017 The Cost of a Data Breach report which estimated the average cost of a data breach at 362 million Non-compliance can also result in enormous fines and penalties Elavons Safe-T Link with P2PE Protect helps to reduce potential losses while ensuring customers achieve and maintain PCI compliance It also reduces costs and time spent on compliance initiatives We expect data breach threats to continue which is why we have been offering end-to-end encryption and tokenization solutions to our customers said Wally Mlynarski Elavons Chief Product Officer The P2PE validation of our Safe-T Link solution now allows for our customers to elevate their Safe-T solution while lowering their total cost of accepting payments by bringing substantial systems to minimized scope of their PCI compliance It enables them to effectively defend their businesses their customers card data and their reputations against cyber threats Safe-T Link with P2PE Protect combines EMV tokenization and encryption to shield sensitive card payment data until it is delivered to Elavons secure decryption environment A strict chain of custody including secure devices applications and processes satisfies requirements for a validated PCI Security Standards Council P2PE solution Safe-T Link which leverages Elavons PCI-validated Simplify payment application automatically integrates into a customers existing point-of-sale POS and property patient management systems PMS Third-party POS and PMS integrators can expect a streamlined expedited path to a PCI-validated P2PE solution A number of integrators are already certified to Safe-T Link with P2PE Protect and that number is expected to grow