Acceo Solutions Inc., a leading Canadian provider of IT consulting services as well as business and financial solutions for SMBs, announces that the payment solutions of its Tender Retail division, a Canadian leader in innovative and secure payment solutions, will be integrating the EPAS Retailer protocol.
This major development is scheduled for sometime in 2014. The announcement was made today in Nice, France at the Annual Meeting of EPASOrg, an international standards association comprised of various key industry players.
The EPAS Retailer protocol is a standard defined by EPASOrg and will be added as an alternative to Tender Retail's current proprietary protocol. It is a standard, modern and interoperable protocol that will enable the integration of point of sale systems into the Tender Retail payment solution. In using this standard, merchants and vendors of point of sale solutions will enjoy greater operational flexibility. Eventually, Tender Retail solutions will also incorporate the EPAS Acquirer protocol, when acquirers (banks) are ready to support it in North America.
Standards are critical to card payment systems because they foster interoperability, a highly sought-after benefit nowadays. Additionally, by encouraging the spread of interfaces with only slight differentiation, they enable solution providers such as Tender Retail to focus their efforts on innovation, where it matters most.
"This technological advancement reflects ACCEO Solutions' commitment to being a key player in the evolution of payment solutions in both North America and Europe," stated Alain Philippe, Executive Vice President, Payment Solutions at ACCEO Solutions. "Once again, we are proving that innovation is one of our top priorities and also demonstrating our ongoing determination to move our industry forward and grow our market."
"We are delighted that our Associate Member ACCEO Solutions, with its Tender Retail division, is actively contributing to the promotion of EPASOrg standards in North America," said William Vanobberghen, Secretary General of EPASOrg.
ACCEO Solutions has been involved with EPASOrg as an Associate Member since January 2013 - becoming the first North American provider to join its ranks - and is actively supporting the development and use of new payment standards.