Ingenico, a leading worldwide provider of payment solutions, and FreedomPay(R), a state-of-the-art commerce platform and payment processing provider, today announced their partnership and the certific
ation of the innovative Telium2 series point-of-sale (POS) payment devices. The integration extends to Ingenico's retail base application (RBA) and its innovative hardware, including iSC250 Signature Capture terminal and iPP350 & iPP320 PIN Pad devices. The newly supported Ingenico RBA software-powered devices will accept magnetic stripe and EMV chip-card payments, as well as NFC-based transactions, enabling tap-and-go mobile payments.
Ingenico devices will be integrated and connect to the FreedomPay Commerce Platform(TM), a cloud-based smart technology gateway, that supports true point-to-point encryption (P2PE), instantly reducing merchants' scope for the Payment Card Industry Data Security Standard (PCI DSS) compliance and giving merchants a path to future payment system expansion.
"Partnering with Ingenico gives our customers access to state-of-the-art devices and Ingenico's customers access to payments innovations including mobile payments, incentive management, business intelligence dashboards and more. Our goal is to work closely with the Ingenico team to continue to bring secure, innovative solutions to our joint customers," said Tom Durovsik, CEO of FreedomPay.
Leveraging their powerful secure transaction encryption technologies -- Ingenico's On-Guard and the FreedomPay Commerce Platform, the two companies have designed the first to market SRED-certified payment processing solution with a fully certified point-to-point encryption transaction platform. It seamlessly connects all major North American acquirers to point-of-sale (POS) devices. The benefit to merchants is the ultimate cardholder's data security and the peace of mind, knowing their POS systems and connected networks are 100% out of scope for (PCI DSS).
"As the top solutions provider, Ingenico is always looking for innovative ways to maximize and enhance its offerings," said Thierry Denis, President of Ingenico, North America. "Combining our Telium-based devices with FreedomPay's advanced commerce platform enable merchants to address their P2PE concerns, get ready for EMV adoption, broader payment, loyalty and customer engagement innovations."
Several retail and hospitality merchants in the U.S and Canada are among the first customers to successfully utilize the new secure payment processing platform combined with Ingenico's devices. By integrating the FreedomPay Commerce Platform with Ingenico's devices, the clients have efficiently modernized their existing POS systems by accepting all forms of payment including EMV and NFC transactions. More nationwide rollouts of the joint solution are scheduled in H2 2013.