Crosstrees and TokenEx announce strategic partnership to offer data security and credit card tokenization services to the cruise industry

The fully integrated solution reduces PCI compliance costs and the risk of data theft

October 13, 2016 – Crosstrees, a provider of IT services to the cruise industry, today announced a strategic partnership with TokenEx, a leading provider of a cloud security platform with tokenization, encryption, and data vaulting as a unified software-as-a-service (SaaS).

"We are very excited about joining forces with TokenEx to provide a fully integrated data security and tokenization solution to cruise companies," said Kevin Hughes, Crosstrees Managing Partner, and formerly Head of Program Management at Viking Cruises. "TokenEx offers in-depth data security expertise that results in operational efficiencies through reduced PCI compliance costs as well as reduced risk of data theft."

Cruise lines collect guest Payment Card Information (PCI) for reservations, services, and accommodations, as well as gather their contact information and other Personally Identifiable Information (PII) necessary for travel and safety. Additionally, they operate in omni-channel payment environments, relying on multiple payment processing partners. The complexity of the travel industry means there are many information systems – and people – that touch, process, and store both PCI and PII, making cruise companies a prime target for hackers.

To eliminate the risk of compromising customer data, cruise lines can deploy a combination of encryption, tokenization, and cloud data vaulting to intercept incoming sensitive data at every possible entry point. This layered approach to data security ensures that no PCI or PII is accepted, stored, or transmitted by IT systems that could be hacked, infected with malware, or inadvertently exposed by personnel.

"Uniting Crosstrees' tremendous experience in the cruise line industry with TokenEx' expertise in data security offers a superb tokenization solution for cruise companies," said Alex Pezold, CEO and Co-Founder of TokenEx. "Together, we will execute quick, large-scale, industry-specific implementations and integration covering all the touch points within cruise companies. It's a very exciting partnership for TokenEx!"

With TokenEx, Crosstrees offers a complete PCI/PII security solution for cruise companies at every transaction point including:

- Corporate headquarters bookings and call centers

- Online bookings and purchases

- Port-side transactions

- Ship-side Transactions

- Customer loyalty programs



Crosstrees is located in Los Angeles, California, and operates internationally.

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TokenEx is located in Edmond, Oklahoma, and operates internationally.

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