LOWELL, Mass. and MIAMI BEACH, Fla., – Lowell-based 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® 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.  Last year the customer-obsessed Litle & Co. team won the e-Commerce Customer Service Award at the Stevies.

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.   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.