|By Marketwired .||
|August 19, 2014 07:00 AM EDT||
ATLANTA, GA -- (Marketwired) -- 08/19/14 -- Ingenico Group (EURONEXT: FR0000125346-ING), global leader in seamless payment, has joined with FreedomPay®, a state-of-the-art commerce platform and payment processor, and ScanSource, Inc. (NASDAQ: SCSC), the leading international value-added distributor of specialty technology products, to release the first Payment Card Industry (PCI)-certified, fully-functional, point-to-point encryption (P2PE) payment solution in North America.
Leveraging secure devices, applications and processes -- Ingenico's On-Guard and the FreedomPay Commerce Platform -- the joint solution offers retailers one of the most secure payment solutions available in North America. ScanSource will provide FreedomPay with product support, integration, staging and deployment services around the solution. The solution covers electronic payments made by magnetic stripe, EMV and NFC, and will be the first to provide PIN Debit and even hand-keyed transactions. According to the PCI Security Standards Council, only Council-listed P2PE solutions are recognized as meeting the requirements necessary for merchants to reduce the scope of their cardholder data environment through use of a P2PE solution.
"Security is a critical part of Ingenico's business DNA. We have three decades of experience providing the most advanced card data security solutions in the payments market," said Gregory Boardman, Senior Vice President of Software and Development at Ingenico, North America. "Our new consortium with FreedomPay and ScanSource provides retailers with a PCI-certified P2PE solution. In the fight against fraud, there are no greater technologies than EMV and encryption. This powerful combination has been proven to reduce card data compromise at the point-of-sale. When retailers can focus on their core business without wondering if their customers' data is secure, the result is real value for the merchant."
OTG is among the first customers to successfully use the newly certified security platform. Recently named to the World's 50 Most Innovative Companies by Fast Company, OTG operates more than 200 airport food and beverage restaurants and eateries in ten of the largest airports in North America.
"We selected Ingenico Group and FreedomPay because of their independently proven track records. Data theft is a reality in the retail business and we wanted the most secure solution available. This is the only option with full certification," said Albert Lee, Chief Technology Officer at OTG. "Being able to leverage one device over one processing platform to securely accept traditional credit cards, NFC, mobile and EMV is the best solution for our international business clientele."
"There is a lot of misinformation in the market today regarding payment security standards. The FreedomPay solution is the best option for merchants looking to prevent breaches and ensure their capital investments are ready for future payment technologies such as EMV and NFC," said Tom Durovsik, CEO of FreedomPay. "We have even gone the extra mile, ensuring merchants can accept hand-keyed or phone-based orders, and still preserve the ability to type in a card number if the magnetic stripe is bad... all the while helping reduce the scope of a merchant's cardholder data environment."
About Ingenico Group
Ingenico Group (EURONEXT: FR0000125346 - ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world's largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world's best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise. Learn more at www.ingenico.com twitter.com/Ingenico
The FreedomPay Commerce Platform is a multi-patented solution portfolio designed to enable companies to embrace current trends and accelerate innovation. FreedomPay delivers a high-performance, secure user experience driven from the cloud to any device, anytime, anywhere. The platform seamlessly bridges the gap across in-store, web and mobile by interconnecting POS systems, transaction hosts, incentive engines and other disparate systems to a cutting edge transaction superhighway. The FreedomPay Commerce Platform P2PE solution provides merchants complete payment data security, including EMV and NFC compliance, in accordance with the coveted certification from the PCI Security Standards Council. For more information, visit www.FreedomPay.com.
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