Trintech migrates retailers to chip-based payments
21 May 2002 | 3702 views | 0
Dublin-based payment company Trintech has developed PayWare SmartPIN, a new chip and PIN merchant solution designed to manage the imminent industry migration to chip-based credit and debit cards.
PayWare SmartPIN is aimed at merchants and retailers that have immediate requirements for a secure and standards-compliant chip and PIN solution that can integrate seamlessly with new or existing electronic point-of-sale (EPoS) infrastructure.
The solution includes Trintech's PINPad hardware, EMV application and application programming interface (API) that enables chip acceptance with PIN authentication in any EPoS system.
The banking industry has mandated that by 1 January 2005 any retailer that does not accept chip cards authenticated by PIN will be fully liable for all card fraud.
Eamon Keating, general manager of Trintech's e-merchant division, says: "PayWare SmartPIN addresses the issue of fraud without requiring significant changes to a retailer's EPoS environment."