Global payments provider TSYS, along with Ingenico Group, recently announced a new agreement to offer merchants a seamless and secure solution for accepting all payment types, according to a company release. These payment types include magnetic stripe, EMV, NFC and Apple Pay.
TSYS’s new payment application, INGEMV2, will run on selected versions of Ingenico Group smart terminals, the company says. According to TSYS, their combined offering with Ingenico Group “will give businesses a complete solution for securely processing EMV, NFC and Apple Pay transactions, while providing advanced security features such as encryption and tokenization to guard against credit fraud.”
“Our relationship with Ingenico Group and its industry-leading expertise in EMV and NFC enabled TSYS to be among the first processors to be certified for Apple Pay,” said Craig Ludwig, senior director and head of product for TSYS’ Merchant Services segment, in the release. The INGEMV2 payment application, he added, takes uses the Ingenico POS feature to allow customers to securely use Apple Pay and other contactless payment methods.
To offer front-line support for a complete end-to-end payment solution for merchants, TSYS also become the first processor to Class A certify Ingenico Group’s new PCI 3.0-certified smart products: the iCT 220 Contactless and iPP310 PIN pad.
According to Bernie Frey, SVP Acquirer Sales, Ingenico Group North America, the new products aim to address the “unprecedented demand for field upgrades that EMV and Apple Pay are creating.” That gives TSYS customers access to the latest in EMV and NFC technology, he said in the release.
“Together, we help merchants realize the value and security that EMV and NFC provide.”