TSYS® and PAX Technology, Inc. Launch Semi-Integrated EMV® Solution
May 26 2015 - 1:00PM
Business Wire
Decouples payments from VAR and ISV solutions,
reducing PCI scope from the POS
TSYS (NYSE: TSS), a leading global payments provider, and PAX
Technology, Inc., a global provider of electronic payment
solutions, today announced a new semi-integrated solution that can
help simplify the EMV certification process. Using a single
integration approach, this TSYS-certified solution has the ability
to process with both TSYS Guardian EncryptionSM and TSYS Guardian
TokenizationSM, offering Value-Added Resellers (VARs), Integrated
Software Vendors (ISVs) and their respective customers a secure
method for accepting payments, including magnetic stripe, EMV, and
NFC contactless payments.
Together, TSYS and PAX have taken the guesswork out of EMV
certification. Fully certified through all major card brands, this
easy-to-implement solution seamlessly integrates with point-of-sale
(POS) devices, eliminating the need to go through the lengthy and
often painstaking process of EMV certification. By meeting all
necessary requirements, this streamlined approach allows both VARs
and ISVs to easily meet the rapidly approaching October 1, 2015 EMV
liability shift deadline.
“Making the switch to accept EMV transactions can be a confusing
and daunting process, which is why it is important to us to offer
our clients a simplified approach,” said Craig Ludwig, head of
product for TSYS’ Merchant Services segment. “Our all-in-one
solution developed with PAX not only reduces costs and time
required for EMV certification, but also provides advanced security
features to guard against credit card fraud.”
Designed for merchants and developers who place a high value on
ease of use, security, reliability and Payment Card Industry (PCI)
compliance, the solution decouples payments, reducing PCI scope
from the POS. Using a software development kit (SDK) provided by
PAX, TSYS validates the communication, ensuring that it is reliable
and secure. This simple integration method provides VARs and ISVs
with a quick-to-market solution with robust support from the TSYS
Developer Services team ─ both during and after integration ─ while
reducing overall EMV implementation costs.
"Our semi-integrated, secure payment technology can be
seamlessly integrated into line-of-business applications, providing
enormous value to merchants, VARs and ISVs," said Andy Chau, chief
executive officer and president of PAX Technology, Inc. "Merchants,
regardless of size, can now process payments securely using TSYS
Guardian Encryption, TSYS Guardian Tokenization and EMV. This will
also enable them to support NFC payment methods such as Apple Pay,
allowing them to take advantage of this easy, secure and private
way to pay.”
For more information, contact the TSYS Developer Services team
at ACQ-developerservices@tsys.com or +1.888.959.2017.
EMV is a registered trademark or trademark of EMVCo LLC in the
United States and other countries.
About TSYS
At TSYS, (NYSE: TSS), we believe payments should revolve around
people — not the other way around. We call this belief
People-Centered PaymentsSM. By putting people at the center of
every decision we make, TSYS supports financial institutions,
businesses and governments in more than 80 countries. Through
NetSpend, a TSYS Company, we empower consumers with the
convenience, security, and freedom to be self-banked. TSYS offers
issuer services and merchant payment acceptance for credit, debit,
prepaid, healthcare and business solutions.
TSYS' headquarters are located in Columbus, Georgia, with local
offices spread across the Americas, EMEA and Asia-Pacific. TSYS
provides services to more than half of the top 20 international
banks, and has been named one of the 2015 World's Most Ethical
Companies by Ethisphere magazine. TSYS routinely posts all
important information on its website. For more, visit us at
www.tsys.com.
About PAX Technology, Inc. (www.pax.us)
PAX is one of the fastest growing POS terminal providers in the
world. PAX has been serving the global retail marketplace for over
ten years and has distribution in over eighty countries shipping
over 6 million terminals worldwide in recent years. PAX offers a
complete line of products and services supported by extensive
R&D capabilities. In addition to a most competitive pricing
model, quality assurance is the company’s top priority which
enables PAX to have a strong advantage in the marketplace.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150526005982/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.comorPAX Technology,
Inc.Heather Hatch, +1-904-900-3741, ext. 163PAX Director of
Marketingheather.hatch@pax.us
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