Verifone’s Latest EMV-Ready Payments Offering

Verifone is linking up with VAI, which provides enterprise resource planning software, in order to launch S2K Point, according to a Thursday (Sept. 10) release from the two companies.

S2K Point is backed by Verifone Point, which is the company’s Payment-as-a-Service platform tied to North America. Both Verifone’s EMV and NFC payment devices are included alongside S2K Point, and options listed by Verifone cover deployment management and gateway services.

The EMV and NFC payment terminals tie in directly with secure hosts or the company’s own gateway and ensures that valuable payment or personal data does not find its way onto POS software or the electronic cash register, thus helping put a level of security around digital identities. VAI is also able, according to the release, to “centrally manage” clients’ terminal presence and also update devices to comply with regulatory shifts, such as PCI and future EMV mandates, without having to re-certify in tandem with software updates each time software changes occur. Encryption technology operates across the platform to guard cardholder data during transactions.

“Managing payments has become remarkably complex — especially for small and mid-sized merchants — considering the pending EMV liability shift, as well as ongoing changes in PCI standards and requirements,” Jim Surber, senior director of Payment-as-a-Service in North America for Verifone, said in the release announcing the partnership between his company and VAI.

[bctt tweet=”Managing payments has become remarkably complex — especially for small and mid-sized merchants.”]

“This partnership not only enables VAI to simplify EMV migration for its merchants, it also helps them to reduce risk and payment complexity for merchants through enhanced security and payment terminal estate management,” Surber continued.

In recent months, Verifone’s own financial results have been seeing a positive effect from the movement to EMV in the United States, where the deadline looms, scarcely three weeks away.

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To check out what else is HOT in the world of payments, click here.

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