Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, announced today that Elavon, a wholly owned subsidiary of US Bancorp (NYSE: USB) and a leading global payments solutions provider, has elected to launch Ingenico's new Telium2 series countertop and wireless terminals to its customers in the United States and Puerto Rico.
This decision represents Elavon's strategic move to scale its global relationship with Ingenico and the regional choice to introduce Ingenico's market-leading and time-proven secure point-of-sale (POS) technology in preparation for the migration to EMV chip card and NFC contactless payments in the U.S.
We continue to grow and enhance our strategic, global relationship with Elavon. Their drive to deliver robust and innovative payment solutions to customers sets high standards for their partners throughout the entire value chain. We are pleased that our Telium2 series products have successfully met their stringent quality and security requirements, and are now an integral part of their U.S. payment solutions portfolio," commented Thierry Denis, president of Ingenico, North America. "Built-in product features - including EMV chip card, contactless, and NFC mobile acceptance - provide a solid foundation for Elavon to add their industry-leading security, loyalty and value-added solutions that allow customers everywhere to keep up with rapidly evolving consumer payment choices."
As part of the product launch in the U.S. and Puerto Rico, Elavon has successfully completed the Class A certification of Ingenico's Telium2 iCT2xx and iWL2xx series terminals and software application. The certification covers the iCT220 and iCT250 countertop terminals. The iCT220 and iCT250 terminals will be available to Elavon's customers nationwide as stand-alone countertop solutions or in conjunction with Ingenico's external iPP220 & iPP320 PIN Pads.
Our commitment to delivering secure, innovative and scalable solutions and services is unmatched in the industry. Elavon is very selective when choosing the products that we market across our global footprint," said Marianne Johnson, Executive Vice President, Global Product & Innovation at Elavon. "Ingenico and their Telium2 series terminals offer a solution that is well suited to our portfolio of payment services and provides a common global product platform, backed by responsive support."
With crisp color screens, multi-media functionality and the fastest built-in printer ever integrated into a payment device, iCT2xx and iWL2xx terminals will provide Elavon's customers everywhere with a solid foundation to offer payment and value-added services to their customers on a platform that supports EMV, contactless, and NFC technologies. In addition, the two companies are also leveraging Ingenico's IngEstate tool, a terminal management platform, which is successfully used in other regions of the world to provide Elavon with remote terminal management and support capabilities for Elavon's Telium installations in the U.S.
The collaborative relationship between Ingenico and Elavon successfully spans across multiple regions worldwide. Elavon has already extensively deployed Ingenico's Telium2 series products with a single application that can be used on Ingenico's countertop, PIN Pad, mobile and wireless terminals in Canada, Mexico, Brazil, and across Europe.