TAMPA, Fla., September 20, 2021 (GLOBE NEWSWIRE) – Tampa Hillsborough Expressway Authority (THEA) is proud to officially offer PayPal to the growing list of payment options allowing customers to pay their toll arrears with the collection provider by THEA, Valor Intelligent Processing (VIP). PayPal is a leader in faster and more secure online transactions, which will help customers feel more comfortable when making payments. Some of these key features of consumer protection include:
- End-to-End Encryption: An important part to help secure customer data and PayPal transactions. 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 provides customers with a second factor of authentication when signing into their account. In addition to a password, customers enter a unique PIN code for each connection. These two factors enhance the security of customer accounts.
- 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 they meet industry standards and guidelines. industry.
“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 toll operations manager. “We are focused on implementing modular and highly scalable financial back office systems that are ready to connect with other available third party vendors and deliver a secure and reliable business experience to our customers. “
Additionally, PayPal’s ability to use cryptocurrencies creates additional secure and easy payment options for customers.
- At checkout, if a customer has a sufficient cryptocurrency balance to cover a qualifying purchase, the crypto will automatically show as the payment method for that purchase.
- Customers will be able to select the cryptocurrency of their choice – Bitcoin, Litecoin, Ethereum, or Bitcoin Cash – depending on what they have 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 into fiat currency by PayPal on behalf of the customer and the transaction is completed.
Looking to the future with emerging payment technologies, VIP President and COO Gordon Beck said, “We are proud to be able to provide the public sector with the technology needed to support its customers by modernizing infrastructure. public, so that all customers have an option to make payments in the way that works best for them and is most convenient for them. VIP is committed to continuing not only to research, but to add all possible advancements that can make our clients’ presence in their industry stronger, faster and better.
PayPal will also allow unbanked customers to use the power of their PayPal Cash Card network to make payments online. THEA is delighted to continue to provide the best technology-based digital financial support to our customers while enhancing their experience.
To learn more, please visit https://www.paytheatolls.com/.
About the Tampa Hillsborough Expressway Authority (THEA)
Tampa Hillsborough Expressway Authority (THEA) is an independent state agency that provides innovative toll transportation solutions to the Tampa Bay area. THEA owns, maintains and operates four facilities in Hillsborough County: the Selmon Expressway, Brandon Parkway, Meridian Avenue and Selmon Greenway.
About Valor Intelligent Processing (VIP)
Valor Intelligent Processing, LLC is a digital, technological, and leading-edge accounts receivable management (ARM) company headquartered in Jacksonville, Florida. VIP provides enterprise-level leading and third-party solutions for every stage of the lifecycle including, but not limited to omnichannel collection and recovery, credit reporting, custom contact center analytics, database, self-service and business process management (BPM). . VIP offers a unique strategy for the collection of our customers’ debts and deploys the most advanced technology to improve the customer experience and ensure compliance and quality, at every stage of the account lifecycle. Seasoned customer-focused veterans from the ARM and BPM industries, where trust and experience are paramount, have established their VIP status. VIP is proud to offer its employees an unparalleled working atmosphere, where career building and culture are a way of life. For more information, please visit www.valorvip.com
PayPal has been at the forefront of the digital payment revolution for over 20 years. By leveraging technology to make financial services and commerce more convenient, affordable and secure, the PayPal platform enables more than 375 million consumers and merchants in more than 200 markets to join and thrive in the world. Mondial economy.