Vantiv certifies Ingenico's Telium POS terminals in preparation for EMV switch
23 May 2012 | 2450 views | 0
Ingenico, leading worldwide provider of payment solutions, and Vantiv, Inc. (VNTV), a leading provider of payment processing services and related technology solutions for financial institutions of all sizes, announced today that the processor has chosen Ingenico's new generation Telium series point-of-sale (POS) products coupled with Vantiv point-to-point encryption (P2PE) solution for marketing and sale to its financial institution and merchant customers in the United States.
In a proactive move to facilitate the migration to more secure EMV chip-based and NFC mobile payments in the U.S., the two companies collaborated and completed the Class A certification of the Telium series devices. The certification covers a comprehensive range of Ingenico's Telium devices including iCT220 & iCT250 countertop terminals, iWL220 & iWL250BT (bluetooth) wireless devices, and iPP220 & iPP320 PIN pads.
The entire Telium range of products is designed to comply with the industry's most stringent PCI PTS security requirements and combine the latest POS technologies. The new Ingenico POS products fully support Vantiv P2P card data encryption solution to enable merchants to conveniently and securely accept electronic payment.
"As one of the leading integrated payment processors and provider of payment related technologies, Vantiv is committed to remain on the cutting edge of industry trends and is continuously seeking to provide our customers with the best-in-class, most secure technologies that are available in the market today," said Bill Weingart, Chief Product Officer at Vantiv. "In the U.S., the current dynamic changes in the payments ecosystem incites us to take a proactive approach. We are prepared to arm financial institutions and merchants with POS devices that are ready and capable to accept any type of transactions that their business demands today and in the future. Ingenico and its latest generation Telium range POS products represent exactly the class of innovative, secure and comprehensive solutions that our customers are counting on Vantiv to provide."
Built around Ingenico's Telium 2 architecture and EMV Level 2 kernel, the Telium range comes standard with all payment technologies already embedded such as contactless and NFC and ready to activate, so there is no need for add-on devices or components. This provides merchants with flexibility to seamlessly accept EMV, NFC, contactless and traditional magnetic strip cards.
"We are very pleased with Vantiv's decision to add Ingenico's new generation Telium range of products to their portfolio of payment solutions and view it as a true testament to our continued engineering innovation and commitment to provide the most advanced POS products," said Thierry Denis, president of Ingenico, North America. "With a footprint of 17 million terminals globally, 14 million of them processing EMV transaction daily, we bring years of EMV chip based technology expertise and implementation to our partnership with Vantiv. We feel confident that Vantiv has chosen a solid POS partner who is well-positioned to respond to their customers' demanding transaction acceptance needs by equipping them with highest-performing POS products in market capable to support traditional magstripe cards and the new types of payment inclusive of EMV, contactless, and NFC-enabled mobile payments."