This will enable EMV and contactless payment acceptance on integrated POS (iPOS) systems. TransactionLink removes cardholder data from iPOS systems and will enable customer-facing, EMV-capable Verifone payment terminals to prompt consumers through the purchase process while delivering the completed sale information back to the IPOS.
Transactions are hardware-encrypted at swipe by Verifone SRED validated devices, which prevent malware from skimming cardholder data in-flight. The data is then tokenized using format-preserving tokens, allowing merchants to continue to perform cardholder analytics on purchase data.
VeriFone Systems is a global provider of secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets
Merchant Link is a provider of cloud-based payment gateway and data security solutions, removing the risk of payments for more than 300,000 hotel, restaurant and retail locations.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now