18 October 2017
visit www.response.ncr.com

Trintech develops open source POS architecture

13 March 2002  |  569 views  |  0 Trintech develops open source POS architecture

Trintech is showcasing its new PayWare OpenPOS Linux architecture designed to run a range of secure PIN-based and chip card payment applications over point-of-sale (POS) terminals, at the CeBit 2002 technology show held in Hannover this week.

The new open source architecture, with embedded Linux and ARM technology, will enable Vars (value added resellers), system integrators and OEM partners to run in-store applications, such as PINPads and PIN-enabled POS terminals, and applications in unattended environments, such as kiosks and ATMs.

A key feature of OpenPOS, says Trintech, is its ability to dramatically reduce the transaction time of secure PIN-based smart card payments. The architecture performs the encryption tasks required by debit card programmes in milliseconds, significantly shortening the overall transaction time for cardholders at the point-of-sale.

The payments company plans to target OpenPOS at the estimated 18 million POS terminals installed worldwide that are due to be upgraded to incorporate new chip functionality. In Europe, higher encryption requirements of the EMV standard are expected to be fully adopted in Europe by 2005.

John Harte, EVP and general manager of Trintech's ePOS division, says: "The move to embedded Linux is a very significant development for the POS industry as it signals a move away from proprietary and incompatible vendor and industry standards to a more widely available, open source development environment."

He says a broad range of open source software, including the embedded Linux real-time operating system from Lineo, is immediately available for the OpenPOS platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Trintech secures Unibanco e-wallet

Trintech secures Unibanco e-wallet

14 January 2002  |  2577 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15145 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8358 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7864 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7294 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6440 views comments | 8 tweets | 16 linkedin

Featured job

circa £250K total package
London

Find your next job