SOURCE: INGENICO

Ingenico

April 30, 2013 12:00 ET

Ingenico Launches EMV Ready Terminals With Vantiv

Telium Series Devices Are the First U.S. Terminals Certified by Vantiv for Smartcard Payments

ATLANTA, GA--(Marketwired - Apr 30, 2013) - Ingenico, leading worldwide provider of payment solutions, and Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for financial institutions of all sizes, announced today that Vantiv will begin deploying Ingenico's Telium series point-of-sale (POS) devices, which now meet VISA's EMV mandate requirements. According to the Visa mandate, all acquirer processors and sub-processor service providers are required to support merchant acceptance of EMV chip transactions by the end of April 2013. As such, Ingenico becomes the first POS manufacturer to offer fully EMV-ready bankcard terminals to financial institutions and small-to-medium size merchants in the United States. 

"Ingenico has been a great partner in transitioning the U.S. market to EMV technology," said Patty Walters, senior vice president of merchant and security products at Vantiv. "Our work together will enable merchants and financial institutions across the country to help reduce the risk associated with the acceptance of cards with fraudulent magnetic stripes. Ingenico's global experience with EMV rollouts and its latest Telium series POS devices offer a perfect package of EMV knowledge and fraud-preventing secure technology that we can extend to our customers."

Currently, there are over 20 million Ingenico terminals installed globally, accepting millions of electronic payments, including EMV, magstripe, contactless and NFC-enabled mobile transactions daily. Once deployed in the U.S., the EMV chip card terminals will mitigate the risk of card fraud, provide greater cardholder verification methods, and interoperability with the larger global payment infrastructure. Consumers with EMV chip-based payment cards will be able to safely use their cards in the U.S. and on any EMV-compatible payment device anywhere they are accepted in the world. The portfolio of Ingenico EMV certified devices includes iCT220iCT250 countertop terminals, and iWL220 wireless terminal. 

"The question is not 'if', but 'how soon' merchants in the U.S. will be ready to accept smartcard transactions and accommodate consumers paying with EMV chip-based cards. Thus we are proud to proactively work in concert with Vantiv, one of the top acquirer processors in the country, and be their first POS partner to certify a comprehensive series of EMV-ready innovative payment devices," said Bernie Frey, Senior Vice President of Acquirer Sales, Ingenico, North America. "We are confident that we have the most extensive EMV know-how and innovative technology necessary to assist Vantiv and its customers in successful migration to EMV payments."

Ingenico is exhibiting at the upcoming Electronic Transactions Association (ETA) 2013 Annual Expo in New Orleans this week. Please visit their Expo booth #544 to learn more about EMV chip card payments and the latest innovative payment technologies. NPC, A Vantiv Company, is also exhibiting at ETA's 2013 Expo. Please visit them during the event at Booth #216, or online at npc.net and on Twitter, LinkedIn, and YouTube.

About Ingenico (ING)
Ingenico (Euronext: FR0000125346 - ING) is a leading provider of payment solutions, with over 20 million terminals deployed in more than 125 countries. Its 4,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. For more information, follow us on @IngenicoNA and visit www.ingenico.us

About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as ecommerce, payment facilitation (PayFacTM), mobile, prepaid and information solutions, and attractive industry verticals, such as petroleum, business-to-business, government, healthcare, gaming and education. For more information about Vantiv, please visit vantiv.com or on Twitter, Facebook, LinkedIn, Google+ and YouTube.

Contact Information

  • Media Contacts:
    Svy Nekrasas
    Ingenico, North America
    Vice President of Marketing
    Email Contact
    Tel: 678 456 1211

    Andrew Ciafardini
    Vantiv
    Director of Public Relations
    Email Contact
    Tel: 513 900 5308