COLUMBUS, Ga., May 28, 2015 /PRNewswire/ -- 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
with a secure method for accepting payment types, including
magnetic strip, EMV, NFC and Apple
PayTM.
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, TSYS Merchant
Services. "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 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, all
while reducing their 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, CEO and president of PAX Technology, Inc.
"Merchants, regardless of size, can now process payments securely
using TSYS Guardian Encryption, TSYS Guardian Tokenization and EMV
while supporting new NFC payment methods, such as Apple
PayTM, Google
WalletTM and Samsung® Pay."
For more information, contact PAX
technology Heather Hatch at
heather.hatch@pax.us or +1.904.900.3741, ext.163; 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 please 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.
Heather
Hatch
|
PAX Director of
Marketing
|
+1.904.900.3741, ext.
163
|
heather.hatch@pax.us
|
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SOURCE PAX Technology Limited