Ingenico Group and Intel to Bring Payments to the Internet of Things
April 02 2015 - 12:30PM
Business Wire
Collaboration provides retailers with increased security for
mobile payments and addresses credit card fraud deadline
Today, Ingenico Group (Euronext: FR0000125346 - ING) and Intel
Corporation announced a collaboration to combine Intel technology
and Ingenico Group secure payment acceptance for the Internet of
Things. The companies will jointly develop a mobile tablet that
supports EMV1 and NFC payment functionalities, a standard required
by banks to help prevent credit card fraud.
Today, banks are responsible for fraudulent activity on credit
cards, costing them US$14 billion in 20132. By October 2015, banks
will require retail merchants to upgrade their POS equipment to
support EMV chip cards. If they do not, the retailers will be
responsible for recovering the funds if fraud should occur.
Under the collaboration, Intel® Data Protection Technology for
Transactions will be combined with Ingenico Group payment
acceptance capabilities in mobile and future solutions in the
United States and Canada, beginning with the jointly developed
mobile tablets based on the Intel® Atom™ processor.
This will pave the way to a broader set of initiatives and
value-added services to address other worldwide devices for the
Internet of Things, including intelligent vending machines, kiosks
and digital signage.
“We are very pleased to enter a collaboration with Intel,
deploying secured payment acceptance into new connected devices,”
commented Philippe Lazare, chairman and CEO, Ingenico Group. “This
is a great example of how innovation can simplify the purchasing
experience and further enhance the merchant-consumer relationship.
Bringing secure payment into connected devices will root our
payment acceptance expertise in the Internet of Things”.
“The shift in liability this October will be a major milestone
in the United States for banks and credit card companies, but
especially for retailers,” said Doug Davis, senior vice president
and general manager, Internet of Things Group, Intel. “Intel and
Ingenico Group are working to bridge the retail experience and
security gap while also making sure devices are easy to deploy and
manage so we don’t create new burdens for the merchants.”
Both companies will be at the Transact 15 Annual Convention
& Expo in San Francisco. For more information on the
partnership, please stop by Ingenico Group’s booth (#515) or
Intel’s booth (#1825), or visit the Intel online newsroom at
www.intel.com/newsroom/iot.
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.
www.ingenico.com twitter.com/ingenico
About Intel
Intel (NASDAQ:INTC) is a world leader in computing innovation.
The company designs and builds the essential technologies that
serve as the foundation for the world’s computing devices. As
a leader in corporate responsibility and sustainability, Intel also
manufactures the world’s first commercially available
“conflict-free” microprocessors. Additional information about Intel
is available at newsroom.intel.com and blogs.intel.com, and about
Intel’s conflict-free efforts at conflictfree.intel.com.
Intel, the Intel logo and Intel Atom may be registered
trademarks or trademarks of Intel Corporation in the United States
and some other countries.
1 EuroPay, MasterCard and Visa2 Business Insider, March 4,
2014
Ingenico GroupCatherine Blanchet, +33 1 58 01 85 68VP IR &
Communicationcatherine.blanchet@ingenico.comorIntelDanielle Mann,
973-997-1154IoT Media Relationsdanielle.mann@intel.com
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