Tsys (TSS) and TranSend, a provider of infrastructure software to the payments industry, today announced the certification of RevChip™, TranSend’s comprehensive EMV® application tailored to the U.S. market.
Compatible with Ingenico and Verifone point-of-sale (POS) terminal hardware, RevChip eliminates extensive EMV security certifications for Value-Added Resellers (VARs), Integrated Software Vendors (ISVs) and their respective merchant customers by removing their systems from the flow of sensitive card data. Additionally, RevChip offers many sought-after EMV restaurant features, including tip adjustment, bar tab capabilities, partial payment with low balance gift cards, and a no-signature option for quick-service environments.
Restaurants in the United States face particular challenges with the country’s move to the EMV security standard. Most EMV POS software applications available in the market do not accommodate customary tip-adjustment functionality, which adds gratuities to transaction amounts after payments are authorized. Standard procedure in the rest of the EMV-accepting world is to complete restaurant payment transactions tableside in one step using a final payment amount. RevChip is unique, preserving the customary tip adjustment option many U.S. restaurants clamor for.
“Restaurants are key to U.S. EMV migration, so meeting their needs is critical,” said Craig Ludwig, head of product for TSYS’ Merchant Services segment. “The RevChip software application is highly valuable in helping our VAR and ISV business partners — as well as our merchants — satisfy U.S. market requirements.”
"We are extremely pleased that RevChip has earned TSYS certification,” said Terrence Crowley, chief executive officer, TranSend. “Pre-certified solutions expedite EMV implementations for VARs, ISVs and merchants, plus quickly reduce their risk of POS system breaches.”