FIS boards EMV bandwagon

Source: FIS

FIS (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced that its Clear2Pay Open Test Solutions has introduced a certified suite of solutions and services to support the U.S. market’s EMV terminal integration projects.

The solutions and services - already certified by Discover, MasterCard and Visa, with American Express certification expected later this month - ease the move to EMV and ensure the correct integration of terminal and acquirer.

Combined with pre-certification and certification services, the tools will be used during pre-certification and brand certification processes for Discover Contact DPAS, MasterCard M-TIP, Visa ADVT and American Express AEIPS. The complete offering optimizes a corporation’s time to make EMV conversion smoother and faster.

”Successful terminal integration is a key phase in any merchant EMV migration. However, obtaining the formal certificates can be a challenge, requiring specialist know-how and solutions,” said Marie Costers, General Manager, Open Test Solutions, FIS. “This FIS accreditation is a milestone for both our company and the merchant community who will benefit from FIS’ premier service to go to market faster with a richer and more secure payment service for consumers.”

From Oct. 1, liability for fraud committed using counterfeit cards moves to merchants that are not EMV-compliant. Mitigating card-present fraud is the goal, but EMV transactions must run flawlessly. Before bringing a payment terminal in the field, it must be tested to ensure a correct integration of both terminal and acquiring bank; also, all EMV payment terminals must undergo a mandatory certification process following the payment brand regulations and EMVCo specifications.

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