The AuricVault® service was created to protect our client's sensitive information.
Auric's journey into tokenization started in 2007 when we were approached by a client who was already using our Trevance® payment application. This client, a well know software publisher of office suite products who competed with Microsoft in 2007, needed to keep credit card information in their environment for an extended period of time in order to fulfill an extended warranty marketing initiative. Their payment processor did not provide tokenization.
Auric created the PaymentVault™ application for storing tokenized credit card numbers as an add-on product to our Trevance® and CN!Express® payment applications. The PaymentVault™ product met the company's requirement of separating the credit card from the personally identifiable address information.
The PaymentVault™ application was used by many of Auric’s Trevance® and CN!Express® payment application clients for tokenizing transactions with multiple payment processors. Auric eventually grew the stand-alone application into a web service providing clients the ability to store their tokenized credit cards off site.
Building on the success of the PaymentVault™ application, Auric Systems International developed and released the AuricVault® tokenization and storage service in 2014. this opened the tokenization service for general usage and extended its capabilities beyond credit cards.
The online market place was and continues to be under attack by cyber criminals bent on stealing sensitive information. The data being stolen is Financial, Identification and Access Data. The AuricVault® tokenization service is designed to secure all types of data.
Auric Systems International has tokenization clients in over 31 countries in a broad range of industries including aerospace, e-commerce, finance, healthcare, hospitality, mobile applications, and transportation.
Auric Systems International, a division of Appropriate Solutions, Inc., is a Level 1 PCI DSS Validated Service Provider and has been building payment applications since 1994. Appropriate Solutions, Inc. was established in 1987 as a contract software development company. Our focus is 100% on tokenization and payment solutions.
Businesses need to protect Financial Data, Access Data and Identification Data in order to comply with industry rules and governmental data protection regulations. Auric Systems International is a Level 1 PCI DSS Validated Service Provider. Auric was an early participant (2004) in the Payment Application Best Practices (PABP) which eventually became the PCI PA-DSS. Our software and systems have been reviewed by third party assessors since 2004. Auric Systems International became a Level 1 PCI DSS Validated Service Provider in 2010.