FIS earns EMV stripes
13 September 2016 | 3086 views | 0
FIS (NYSE:FIS), a global leader in financial services technology, today announced that it has been accredited by Discover, MasterCard and Visa and is working with other international and national payment brands to simplify the certification process for EMV payment devices such as POS terminals, mPOS Terminals, Kiosks and ATMs.
Before a new or updated EMV payment terminal can be introduced to the market, it is required to go through a validation process mandated by international or domestic payment brands. This process ensures that a payment transaction travels correctly through the acquiring environment, from end-to-end. It is of key importance for the market to profit from a manageable and fast certification phase.
The recent FIS accreditation by the payment brands enables the company to deliver validation services on behalf of Discover, MasterCard and Visa. This will offer the market both convenience and high-speed brand certifications.
Demetrio Scapin AUI System Manager & Special Project Manager at Diners Club Italia: “FIS helps us to certify our customer’s terminal integration. They manage the full certification process and help prepare in the most optimal conditions for a fast and successful go-to-market. We feel very comfortable doing business with them.”