INGENICO GROUP: Ingenico Group and Intel to Bring Payments to the Internet of Things
(Thomson Reuters ONE) -
Ingenico Group and Intel to Bring Payments to the Internet of Things
Collaboration provides retailers with increased security for mobile payments and
addresses credit card fraud deadline
SAN FRANCISCO and PARIS, April 2, 2015 - Today, Ingenico Group (Euronext:
FR0000125346 - ING) and Intel Corporation announced a collaboration to combine
Intel technology and Ingenico Group secure payment acceptance for the Internet
of Things. The companies will jointly develop a mobile tablet that supports
EMV(1) and NFC payment functionalities, a standard required by banks to help
prevent credit card fraud.
Today, banks are responsible for fraudulent activity on credit cards, costing
them US$14 billion in 2013(2). By October 2015, banks will require retail
merchants to upgrade their POS equipment to support EMV chip cards. If they do
not, the retailers will be responsible for recovering the funds if fraud should
occur.
Under the collaboration, Intel® Data Protection Technology for Transactions will
be combined with Ingenico Group payment acceptance capabilities in mobile and
future solutions in the United States and Canada, beginning with the jointly
developed mobile tablets based on the Intel® Atom(TM) processor.
This will pave the way to a broader set of initiatives and value-added services
to address other worldwide devices for the Internet of Things, including
intelligent vending machines, kiosks and digital signage.
"We are very pleased to enter a collaboration with Intel, deploying secured
payment acceptance into new connected devices," commented Philippe Lazare,
chairman and CEO, Ingenico Group. "This is a great example of how innovation can
simplify the purchasing experience and further enhance the merchant-consumer
relationship. Bringing secure payment into connected devices will root our
payment acceptance expertise in the Internet of Things".
"The shift in liability this October will be a major milestone in the United
States for banks and credit card companies, but especially for retailers," said
Doug Davis, senior vice president and general manager, Internet of Things Group,
Intel. "Intel and Ingenico Group are working to bridge the retail experience and
security gap while also making sure devices are easy to deploy and manage so we
don't create new burdens for the merchants."
Both companies will be at the Transact 15 Annual Convention & Expo in San
Francisco. For more information on the partnership, please stop by Ingenico
Group's booth (#515) or Intel's booth (#1825), or visit the Intel online
newsroom at www.intel.com/newsroom/iot.
(1) EuroPay, MasterCard and Visa
(2) Business Insider, March 4, 2014
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless
payment, providing smart, trusted and secure solutions to empower commerce
across all channels, in-store, online and mobile. With the world's largest
payment acceptance network, we deliver secure payment solutions with a local,
national and international scope. We are the trusted world-class partner for
financial institutions and retailers, from small merchants to several of the
world's best known global brands. Our solutions enable merchants to simplify
payment and deliver their brand promise.
www.ingenico.com twitter.com/ingenico
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company
designs and builds the essential technologies that serve as the foundation for
the world's computing devices. As a leader in corporate responsibility and
sustainability, Intel also manufactures the world's first commercially available
"conflict-free" microprocessors. Additional information about Intel is available
at newsroom.intel.com and blogs.intel.com, and about Intel's conflict-free
efforts at conflictfree.intel.com.
Intel, the Intel logo and Intel Atom may be registered trademarks or trademarks
of Intel Corporation in the United States and some other countries.
Contacts
Ingenico Group Ingenico North America Intel
Catherine Blanchet Kaitlin Ambrogio Danielle Mann
VP IR & Communication Corporate Communications IoT Media Relations
catherine.blanchet(at)ingenico.com manager danielle.mann(at)intel.com
T./ +33 1 58 01 85 68 kaitlin.ambrogio(at)ingenico.com T./ 973-997-1154
T./ (857) 254-2413
PDF VERSION:
http://hugin.info/143483/R/1908677/680216.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: INGENICO via GlobeNewswire
[HUG#1908677]
Unternehmensinformation / Kurzprofil:
Datum: 02.04.2015 - 18:30 Uhr
Sprache: Deutsch
News-ID 383270
Anzahl Zeichen: 5602
contact information:
Town:
Paris
Kategorie:
Business News
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