Ingenico reports Ukrainian contactless payments

Source: Ingenico

Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces it is the first company that presented an innovative technology for Contactless payments acceptance in Ukraine.

On the 1st of November, 2011 the first live Contactless transaction was performed with the MasterCard PayPass contactless card issued by the biggest Ukrainian acquirer "Privatbank" on an Ingenico iPP terminal. The iCT220 and the iPP220 were selected by one of the biggest retail in Kiev in order to benefit from a queue busting solution.

In Ukraine, Contactless application for Ingenico has been provided by JSC "Bancomzvjazok" - the worldwide software development company for secured electronic transactions. The partners have worked successfully to bring the innovative products to Ukraine and achieved the significant success in the distribution of Ingenico solutions in various fields of electronic transactions business.

Contactless payment is a high-level technology that allows user to perform electronic transactions fast and conveniently avoiding many processing procedures. Contactless terminal can read special Contactless card or sticker-card and allows the cardholder to perform transactions very fast and safe without presenting the card to the cashier. Since the first appearance of Contactless technology, Ingenico has been demonstrating key capabilities with contactless payments including mobile terminals, portable terminals and desktop terminals.

Global trials have shown a growing demand for the advantages that contactless payment provide. With the Ingenico Contactless solutions, the POS becomes a point of convergence for all forms of payments and offers fast, safe and user-friendly service to the clients. 

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