ProPay announced it has added encryption and tokenization of Automated Clearing House (ACH) data, removing the need for merchants to store, transmit, or process sensitive ACH payment data on initial and subsequent transactions. After ProPay captures, encrypts, and processes the ACH data (bank routing and account numbers), the data is replaced with a token which organizations can use for future transactions against the data.

Greg Pesci, ProPay's Chief Operating Officer, said ACH data is increasingly a target of the hacking community, citing FDIC figures that in the third quarter of 2009, bank fraud involving electronic funds transfers rose to over $120 million. "ProPay is leading the industry and applying the same technology for protecting payment card information to the protection of ACH data through our ProtectPay offering."

ProPay is an accepted method of payment on eBay and recently won the 2010 ETA ISO of the Year Award.