Litle & Co. Wins 2011 Stevie[R] Award for Litle Vault.

Payment Platform-Integrated Card Tokenization Solution Lands New Product & Service Award

Kicks Off "Managing Risk March" Protecting Customers by Securing Their Customers' Card Data

LOWELL, Mass. & MIAMI BEACH, Fla. -- Litle & Co., the payment processing engine behind leading ecommerce and consumer-direct brands including Overstock.com, Ancestry.com, Gilt Groupe, CSN Stores and Guthy-Renker, received a 2011 Stevie[R] Award in the New Product & Service category IVR or Web Service Solution for Litle Vault, the company's platform-integrated card tokenization service. Litle also received a runner-up nod in the Back Office Customer Service Team of the Year category at the Miami awards dinner last week. These honors build on last year's Stevie Awards showing by the company, where the customer-obsessed Litle & Co. team won the e-Commerce Customer Service Award.

Osman Perksoy, principal product manager for Litle Vault, accepts the Stevie Award for Litle & Co. in Miami. (Photo: Business Wire)

Litle Vault eliminates the need for merchants to store consumer card data in their own databases--instead, the Litle Vault sends consumer card data to Litle's secure data storage and replaces card numbers with Tokens that emulate the numerical sequence found in credit cards. This format-preserving approach also allows Tokens to be used in all everyday transaction-based processes as well as business and consumer intelligence efforts, e.g. CRM applications etc. Litle Vault helps reduce the scope and cost of PCI compliance for businesses, it mitigates card data compromise scenarios for businesses and their customers alike, and protects consumers with no action required on their part. Unlike card data, Tokens in the Litle Vault are useless to anyone other than the merchant registering them.

"Our product vision is simple: Build, develop and implement solutions that help our customers create more secure, more enduring and more profitable relationships with their customers," said Jason Pavona, Executive Vice President, Product Management, Litle & Co.

Osman Perksoy, Principal Product Manager for Litle Vault, who collected the Oscar-like Stevie Award in Miami, said: "In this age of data insecurity, Litle Vault is one tool in the fight to protect consumer data and to empower merchants with better defenses in a constantly shifting security environment."

According to organizers, 2011 Stevie Award nominations grew by 60% over 2010. Roughly one-third of nominations received finalist status from which the winners were selected. Litle & Co. joined companies such as Apple, Zappos.com, Salesforce.com, Overstock.com, L.L. Bean, Marketo, Rosetta Stone, Accenture and Capital One Financial as award winners.

About Litle & Co.

Litle & Co. is the leading, independent authority in card-not-present payments, transaction processing and merchant services. Litle & Co. powers the payment processing engines for leading brands that sell directly to consumers through multichannel and Internet retail, online services, subscription-membership models and direct response marketing. Founded in 2001 Litle & Co.'s growth trajectory has been acknowledged by a No.1 Inc. 500 ranking (2006), a No.8 Entrepreneur Hot 100 ranking (2008) and a No.6 Boston Business Journal Pacesetters ranking (2010). The company's customer-obsessed culture is committed to Voice of the Customer initiatives, including Net Promoter Score (NPS), and won the 2010 Stevie Award for eCommerce Customer Service. To learn more about Litle & Co. visit http://www.litle.com, or call 1-800-548-5326 (1-800-LITLECO) or 978-275-6500.

Twitter: @LitleCo Linkedin: http://www.linkedin.com/companies/litle-&-co.

Litle Vault Assets:

More information on Tokenization through Litle & Co. http://www.litle.com/themes/site_themes/litle/images/uploads/Vault.pdf

Checklist: is Tokenization right for you? http://www.litle.com/themes/site_themes/litle/images/uploads/Litle_Vault_Value_Checklist_1110.pdf

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6632518&lang=en