TAMPA, Fla., Sept. 20, 2021 (GLOBE NEWSWIRE) — Tampa Hillsborough Expressway Authority (THEA) is proud to officially offer PayPal to the growing list of payment options for customers to pay their past-due tolls at THEA’s collections vendor, Valor Intelligent Processing (VIP). PayPal is a leader in faster, more secure transactions online, which will help put customers at ease when making payments. Some of these key features in consumer protection include: End-to-end encryption: An important element in helping to keep customer data and PayPal transactions secure. PayPal employs a team of security and compliance experts dedicated to implementing and educating customers on industry standards.
PayPal Security Key: The PayPal Security Key gives customers a second authentication factor when customers log into their accounts. In addition to a password, customers enter a One Time Pin that’s unique for each login. These two factors give customers stronger account security.
Data Protection: In addition to industry and regulatory encryption requirements, PayPal’s Information Security Policies and Controls are reviewed by independent third parties to ensure that they are following industry standards and guidelines.
“Preparing THEA’s toll systems to support the future of the transportation industry is part of our day-to-day customer service functions, said Rafael Hernandez, THEA’s Director of Toll Operations. “We are focused on the implementation of modular and highly scalable financial back-office systems that are ready to plug-and-play with other available third-party vendors and deliver a secured and reliable business experience to our customers.”
In addition, PayPal’s ability to use cryptocurrencies creates additional safe and easy payment options for customers. At checkout, if a customer has enough balance of cryptocurrency to cover an eligible purchase, crypto will automatically display as a payment method for that purchase.
Customers will be able to select their cryptocurrency of choice – Bitcoin, Litecoin, Ethereum or Bitcoin Cash – depending on what they are holding with PayPal and the balances available in each cryptocurrency. Only one type of cryptocurrency can be used for each purchase.
Once the customer confirms the purchase, the cryptocurrency is converted to fiat currency by PayPal on the customer’s behalf and the transaction is completed.
On looking to the future with emerging payment technologies, VIP’s President and Chief Operations Officer, Gordon Beck said “We are proud to be able to offer the public sector with the necessary technology to support their customer base by modernizing public infrastructure, so all customers have an option to make payments in the way they are most comfortable with and are most convenient. VIP is dedicated to continuing to not only look for, but add every possible advancement that can make our client’s presence in their industry, stronger, faster, and better.”
PayPal will also allow unbanked customers to utilize the power of their PayPal Cash Card Network to help with making payments online. THEA is thrilled to continue to provide the best tech-enabled digital financial support to our customers while at the same time, enhancing their experience.
For more, please visit https://www.paytheatolls.com/ .
About Tampa Hillsborough Expressway Authority (THEA)