Russia sees first live EMV transaction

Russia sees first live EMV transaction

The first Russian EMV transaction has taken place in Moscow facilitated by Hypercom and STB Card Processing Centre using a Barclays EMV MasterCard.

The transaction was carried out on one of Hypercom's ICE 5500 payment terminals - a high performance, touch screen-based, Internet-enabled card payment terminal and Web appliance. It incorporates a firewall-protected multi-application operating system, EMV chip card capability, secure PIN pad, built-in HTML/HTTP Web browser and integrated receipt printer.

Andrei Korolev, Europay International regional business manager, Russia, comments: "The first chip transaction in Russia is the result of close and continuous co-operation of Europay International, STB Card Processing Centre and Hypercom. It’s a big step forward towards further implementations and development of the latest payment technologies in our region."

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