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Credit Mutuel-CIC and Ingenico demo Sepa card payment terminal

31 October 2012  |  2223 views  |  0 Source: Ingenico

Ingenico (Euronext: FR0000125346 ‐ ING leading worldwide provider of payment solutions and the Crédit Mutuel-CIC group today announce the successful demonstration of their live common card payment solution based on SEPA standards during the EPASOrg annual conference in Rome, on October 18 2012.

The Ingenico iWL250 payment terminal was used for the demonstration of a first card payment solution ready for SEPA.

This is the first time that a live solution using future SEPA standards, based on a single EMV payment application (SEPA-FAST) and an open and universal card payment protocol (EPASOrg-EPAS ISO 20022 Acquirer protocol) was demonstrated publicly in the world. The Ingenico iWL250 SEPA Payment terminal successfully connected to Credit-Mutuel-CIC EPAS ISO20022 Acquirer authorisation host at the EPASOrg Annual conference in front of 100 attendees.

This common solution will soon be implemented in a large retail and progressively extended to other European countries.

Claude Brun, Managing Director at the BECM/Crédit Mutuel-CIC Group, highlights the importance of this premiere:

Leading acquiring bank in France, Crédit Mutuel-CIC Group also ranks among the
3 largest European acquirers, and we are particularly committed to the open standard card payment protocol EPAS. Through a constant involvement in innovation - among other products and services, CMCIC was the first to launch mobile contactless payment and continues to support actively its development - we show, with this EPAS demo, the intention to continue to provide a state-of-the-art service to our merchants, and, together with them, to expand our acquiring activity throughout the SEPA zone, and beyond."

Ingenico is very proud of having demonstrated with Credit-Mutuel-CIC a common SEPA solution ready for implementation, together with the upcoming deployment of a very first SEPA pilot. This achievement demonstrates that Ingenico is at the edge of new solutions delivery enabling international Retailers to succeed with their cost-optimisation target SEPA-wide," declared Pierre-Antoine Vacheron, EVP, Managing Director Europe-SEPA at Ingenico.

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