TSYS and Equinox Launch Semi-integrated EMV® Solution for Lodging
June 21 2016 - 9:00AM
Business Wire
Lodging, retail and restaurant environments
benefit from EMV-certified all-in-one application
TSYS (NYSE: TSS) and Equinox Payments (“Equinox”), a leading
provider of payment terminals, applications and support services,
today announced the availability of a semi-integrated payments
solution to help Value-Added Resellers (VARs) quickly and easily
develop and release EMV-certified technology to their customers.
Running on the Equinox Apollo terminal, the Voyager application is
an EMV-certified solution with features specifically designed for
lodging, as well as retail and restaurant environments.
“Our new solution developed with Equinox allows VARs and their
merchants to get on the right side of the EMV liability shift,”
said Craig Ludwig, group executive, TSYS’ Merchant Services
segment. “By leveraging the TSYS-certified Equinox Apollo terminal
as a semi-integrated solution, developers can accelerate their EMV
deployment using a suite of tools to integrate their point-of-sale
(POS) solution. We’re proud to offer our clients a robust solution
that not only reduces the costs and time required for EMV
certification, but also provides advanced security features,
including encryption and tokenization, to guard against credit card
fraud.”
“We’re excited to offer VARs the ability to interface with our
semi-integrated solution so that they can quickly implement EMV and
contactless payments while reducing the headaches associated with
annual PCI compliance validation,” said Rob Hayhow, vice president,
Equinox. “The EMV certification process is complex, so this
approach equates to an ‘easy button’ for VARs.”
The EMV liability shift exposes merchants to an increase in
chargebacks — which impacts their bottom line — and many of the
legacy terminal solutions that support lodging functionality are
retiring this summer because they cannot be upgraded to support
EMV. As a result, many small- and mid-sized hotel operators — and
the VARs that support them — are left without a viable solution to
support features such as check-in/check-out, deposits, no-shows,
incremental purchases and quick-stay transactions. The Voyager
payment application supports a host of important features for the
retail, restaurant and lodging industries. Payment amounts are
passed from the POS to the Apollo terminal, which directly
communicates to the processor for authorization, reporting the
results back to the POS for transaction completion and receipt
printing. No sensitive card data is shared with the POS.
The Voyager application — compatible for stand-alone and
semi-integration — is certified to support up to 20 multi-merchant
configurations, as well as TSYS Guardian EncryptionSM and TSYS
Guardian TokenizationSM. The solution also supports Visa’s Quick
Chip and MasterCard’s M/Chip Fast processing. These options allow
consumers to insert and immediately remove their chip card,
mimicking the speed of a traditional magnetic stripe
transaction.
“Visa is pleased to see TSYS and Equinox help more businesses
become chip-ready with a pre-certified chip solution,” said
Stephanie Ericksen, vice president of Risk Products, Visa Inc. “By
integrating Quick Chip, the Equinox Voyager solution can enable
faster transactions and simpler chip implementations, bringing the
security benefits of chip technology to more consumers and
merchants.”
EMV is a registered trademark or trademark of EMVCo LLC in the
United States and other countries.
About TSYS
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment
providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries
with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management — delivered through partnership and
expertise. We succeed because we put people, and their needs, at
the heart of every decision. It’s an approach we call
‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way
toward the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
About Equinox
Brookfield Equinox LLC (dba Equinox Payments) was founded in
2014 as a result of an acquisition of assets from Equinox Payments,
LLC. Located in Scottsdale, Arizona, Equinox is looking beyond
product features to rethink and reimagine the customer payment
experience.
Leveraging 35+ years of payment industry innovation enables
Equinox to provide experienced “last mile” support for the wave of
innovative new payment technologies sweeping the payments
industry.
The company is owned by NBS Payment Solutions, based in Toronto,
Canada and a leading provider of electronic payment solutions to
the financial industry for over 25 years. NBS Payment Solutions is
a wholly-owned subsidiary of Brookfield Asset Management, a global
asset manager with over $225 billion of assets under management.
Brookfield is listed on the New York (BAM) and Toronto (BAM.A)
stock exchanges. For more information about Equinox Payments,
please visit www.equinoxpayments.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160621005422/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.comorEquinox
PaymentsMichelle Wagner, 770-331-7010news@equinoxpayments.com
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