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Coalfire and InstaMed white paper discusses latest payment trends in healthcare and validates InstaMed payment solutions for EMV, P2PE and mobile payments

PHILADELPHIA, PA and LOUISVILLE, CO (September 16, 2014) – Coalfire Systems Inc. (Coalfire), a respected Payment Card Industry (PCI) Payment Application – Qualified Security Assessor (PA-QSA) company, has released a white paper with InstaMed, the leading Healthcare Payments Network, on the latest topics in payment card security for the healthcare industry. As part of the white paper, Coalfire includes its assessment and validation of the security of InstaMed payment solutions, including its EMV compliance, point-to-point encryption (P2PE), and its mobile app, InstaMed Go.

The white paper is available at: www.instamed.com/white-paper-payment-card-encryption.

“Our mission is to deliver the knowledge that organizations need in order to meet the highest levels of payment card security,” said Kennet Westby, President of Coalfire. “After conducting comprehensive technical lab testing and forensic analysis of InstaMed’s healthcare payment solutions for various devices, including web-based computers and mobile devices, we have validated its security and effectiveness. When properly deployed, the InstaMed solutions have some of the most effective data security controls available in healthcare today.”

“Recent large scale data breaches emphasize the high financial and reputational costs associated with a breach and the necessity to eliminate potential risks that lead to breaches,” said Bill Marvin, President and CEO of InstaMed. “With future EMV requirements and increasing mobile payments, protecting cardholder data is crucial to the success of health plans and healthcare providers, including at the point of interaction. Compliance is among our highest priorities at InstaMed to ensure security for payment processing across all payment channels, and we are excited that Coalfire has validated our efforts.”

About Coalfire
Coalfire is a leading, independent information technology Governance, Risk and Compliance (IT GRC) firm that provides IT audit, risk assessment and compliance management solutions. Founded in 2001, Coalfire has offices in Dallas, Denver, Los Angeles, New York, San Francisco, Seattle and Washington, D.C., and completes thousands of projects annually in retail, financial services, healthcare, government and utilities. Coalfire has developed a new generation of cloud-based IT GRC tools under the NavisTM brand that Coalfire clients use to efficiently manage IT controls and keep pace with rapidly changing regulations and best practices. Coalfire’s solutions are adapted to requirements under emerging data privacy legislation, the PCI DSS, GLBA, FFIEC, HIPAA/HITECH, NERC CIP, Sarbanes-Oxley and FISMA. For more information, visit www.coalfire.com.

About InstaMed
InstaMed simplifies every healthcare clearinghouse and payment transaction for providers and payers, all in one place. InstaMed enables providers to collect more money, get paid faster and reduce the time and costs to collect. InstaMed allows payers to cut settlement and disbursement costs with electronic payments. InstaMed’s single, integrated network simplifies the healthcare payments process for 1,500+ hospitals, 70,000+ practices/clinics and 100+ billing services; connects to 3,000+ payers; and integrates with 60+ practice management systems. InstaMed processes tens of billions in healthcare payments each year at a rate of more than $1,500 per second. Visit InstaMed on the web at www.instamed.com.

InstaMed Contact:
InstaMed Public Relations
[email protected]
(215) 789-3680

Coalfire Contact:
Kennet Westby
Coalfire President
(206) 352-6028
[email protected]

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