20 September 2017
Find out more

Banamex launches EMV-compliant mobile POS service

11 July 2013  |  3351 views  |  0 Source: Alaric

BANAMEX became the first bank from the American continent to launch iAcepta Móvil Banamex, an application developed by Stratus Technologies Mexico / Central America called S-Pay mobile POS, which is compatible with handheld devices to make completely secure mobile payments.

The immediate benefit is that those providing goods or services can take payment from their clients immediately and securely using credit or debit cards with an incorporated chip, eliminating cash handling and its resulting risks.

This is the first mPOS solution from BANAMEX that meets EMV certifications and can accept payments from MasterCard or Visa chip cards. To build this solution Stratus worked with its Ecuadorian partner B-Wise (Business Wise), which is a pioneer using this technology in the continent. B-Wise is responsible for the back office administration for the operations. Likewise, Stratus has worked with international payments company Alaric and Authentic, Alaric's powerful payment processing system. Authentic can handle high volumes of transactions within a framework of fault tolerance total availability, which is a characteristic of the Stratus servers. The result: S-Pay mobile POS.

Jaime González Gasque, Director of Mobile Payments for Stratus Technologies Mexico and CA, said that, "The infrastructure is being regularly reviewed by the third party body Trust Wave from PCI (Payment Card Industry) which establishes the rules and procedures that banks and clients should fulfill with regard to information related to transactions with credit and debit cards. PCI requires that transaction information is encrypted, making it impossible to hack. It is a great satisfaction that Banamex is the first bank in our continent to take such a major step to assure and to expedite business through the use of chip cards."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.temenos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10543 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10085 views comments | 6 tweets | 17 linkedin
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
9471 views comments | 21 tweets | 39 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9002 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7431 views comments | 5 tweets | 4 linkedin

Featured job

circa £250K total package
London

Find your next job