May 26, 2015 - Tsys (TSS), a leading global payments provider, and PAX Technology, Inc., a global provider of electronic payment solutions, today announced a new semi-integrated solution that can help simplify the EMV certification process.
Using a single integration approach, this TSYS-certified solution has the ability to process with both TSYS Guardian EncryptionSM and TSYS Guardian TokenizationSM, offering Value-Added Resellers (VARs), Integrated Software Vendors (ISVs) and their respective customers a secure method for accepting payments, including magnetic stripe, EMV, and NFC contactless payments.
Together, TSYS and PAX have taken the guesswork out of EMV certification. Fully certified through all major card brands, this easy-to-implement solution seamlessly integrates with point-of-sale (POS) devices, eliminating the need to go through the lengthy and often painstaking process of EMV certification. By meeting all necessary requirements, this streamlined approach allows both VARs and ISVs to easily meet the rapidly approaching October 1, 2015 EMV liability shift deadline.
"Making the switch to accept EMV transactions can be a confusing and daunting process, which is why it is important to us to offer our clients a simplified approach," said Craig Ludwig, head of product for TSYS' Merchant Services segment. "Our all-in-one solution developed with PAX not only reduces costs and time required for EMV certification, but also provides advanced security features to guard against credit card fraud."
Designed for merchants and developers who place a high value on ease of use, security, reliability and Payment Card Industry (PCI) compliance, the solution decouples payments, reducing PCI scope from the POS. Using a software development kit (SDK) provided by PAX, TSYS validates the communication, ensuring that it is reliable and secure. This simple integration method provides VARs and ISVs with a quick-to-market solution with robust support from the TSYS Developer Services team ─ both during and after integration ─ while reducing overall EMV implementation costs.
"Our semi-integrated, secure payment technology can be seamlessly integrated into line-of-business applications, providing enormous value to merchants, VARs and ISVs," said Andy Chau, chief executive officer and president of PAX Technology, Inc. "Merchants, regardless of size, can now process payments securely using TSYS Guardian Encryption, TSYS Guardian Tokenization and EMV. This will also enable them to support NFC payment methods such as Apple Pay, allowing them to take advantage of this easy, secure and private way to pay."
