HMV selects Trintech's Smart 5000 for chip and PIN transactions
04 October 2004 | 804 views | 0
Trintech (NASDAQ: TTPA; Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that HMV - voted Retail Specialist Multiple of the Year and Best Music Retail Chain - has selected Trintech's EMV certified Smart 5000 card system, following acquirer accreditation, to facilitate the acceptance of Chip and PIN enabled debit and credit cards.
HMV, the UK's leading specialist retailer of music, DVD and games products, is currently rolling out approximately 2,000 Smart 5000 card systems throughout its 190 stores across the UK and Ireland. The implementation will be completed by the end of October, in line with the UK's mandate to migrate and implement Chip and PIN by January 2005.
HMV conducted a comprehensive testing and evaluation procedure involving three competing vendors. HMV opted for Trintech's Smart 5000 card system, the industry's fastest Chip and PIN hardware solution. The Smart 5000 was selected by HMV because of its ability to integrate seamlessly with HMV's existing IBM POS solution. Featuring a hybrid card reader that accepts both chip cards and magnetic swipe cards, the Smart 5000 also has a stylish, intuitive design, large display and aesthetic appeal that is in keeping with the busy and modern environment of the HMV retail stores.
"HMV required a leading Chip and PIN partner with a strong market reputation and proven, reliable hardware," said Steve Consalvi, Finance Systems Manager at HMV. "Selecting Trintech has helped us to introduce Chip and PIN with minimal impact to the business."
"We are delighted HMV selected Trintech's Smart 5000 solution," says Eamon Keating, General Manager of Trintech's Retail Division. "Our recognized leadership within the electronic payment market, combined with our accreditation process experience provides HMV with a fast and efficient accredited Chip and PIN solution, that will help combat card fraud when the UK mandates a shift to Chip and PIN in January 2005."