INGENICO GROUP: Ingenico Group and Intel to Bring Payments to the Internet of Things
02 Avril 2015 - 06:30PM
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
EMV1 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
20132. 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
Catherine Blanchet
VP IR & Communication
catherine.blanchet@ingenico.com
T./ +33 1 58 01 85 68 |
Ingenico North America
Kaitlin Ambrogio
Corporate Communications manager
kaitlin.ambrogio@ingenico.com
T./ (857) 254-2413
|
Intel
Danielle Mann
IoT Media Relations
danielle.mann@intel.com
T./ 973-997-1154 |
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Source: INGENICO via Globenewswire
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