Ingenico, leading worldwide provider of payment solutions, today announces it has received the world's first certification for the MasterCard PayPass 3.0 terminal specification on June 29th 2012 for its countertop iCT250 terminal.
Today, Ingenico offers each market segment a comprehensive range of PayPass 3.0 leading-edge approved terminals.
MasterCard PayPass 3.0 is the latest terminal specification from MasterCard which supports contactless card acceptance as well as other PayPass enabled form factors such as mobile phones, stickers, and wristwatches. Ingenico has certified the full specification which enables the terminal to accept payments where the cardholder can authenticate the transaction by entering their PIN on the mobile phone handset, and then tapping their handset on the terminal. In addition, the Ingenico terminal supports PayPass 3.0 data storage which can be leveraged for value added services such as in transit, event ticketing, university campus access, and for reward and loyalty programs.
Since the world's first MasterCard PayPass terminal (Ingenico EFT20 terminal) was approved in 2004, Ingenico has been first to offer terminals certified with the latest MasterCard PayPass requirements. Today, Ingenico's iCT220, iCT250 countertop models along with the Ingenico wireless terminal line iWL220, iWL250, iWL280, EFT930, iPA280, and Ingenico retail terminals iPP320, iPP350, iPP480, ML30, peripherals iST150, TeliumPass, P30 and unattended devices VendingPass, iUC180 are certified and ready for MasterCard PayPass 3.0 global deployment.
MasterCard is delighted that Ingenico has the first PayPass 3.0 terminals approved and available for acquirers and retailers to deploy around the world. PayPass momentum continues to grow and there are now nearly 500,000 acceptance locations in 41 countries globally. The new PayPass terminal is backward compatible and supports PIN based payments with PayPass enabled mobile phones. We are hoping that the arrival of PayPass 3.0 will further encourage merchants around the world to accept card and mobile PayPass MasterCard payments", says Max Chion, Group Executive Product Platforms, MasterCard Worldwide.
Ingenico's unique sales network present in 125 countries supports MasterCard acquirers in their migration toward the acceptance of MasterCard PayPass offering Ingenico Telium leading edge platform designed for advanced payments.
Michel Leger, Executive Vice President Technology, Ingenico, stated: "The new PayPass 3.0 terminals approved by MasterCard constitute another testimonial of the strength of our innovative R&D. Ingenico stands at the forefront of the mobile phone payment acceptance which represents a fantastic growth potential for the company".