News

Dione chosen to support MasterCard/Maestro Terminal Implementation Programme

Tuesday 28 October 2003 01:17 CET | News

MasterCard, which is rolling out its Terminal Implementation Programme (M-TIP) across the world, has chosen a turnkey solution developed by Dione in close association with NCR.

The new Dione Xtreme Integrated terminal, which forms part of this solution, has been approved by MasterCard for the M-TIP programme, which is focused on the installation of new terminals throughout the world over the next two years. India, where the use of payment cards by savings account holders is increasing fast, is the first market for Dione and NCR who will provide their solution to the banks and third-party processors. MasterCard members are expected to issue over 5m new Maestro debit cards in India during 2003. Maestro cards can be used at retailers or ATMs allowing funds to be debited straight from the holders savings or current account. The Dione/NCR solution is a total package that can be replicated from country to country; this offers best in class terminal and applications technology with minimal investment by acquirers, low cost of ownership plus full service and merchant support. More importantly the platform has been designed to enable swift deployment wherever MasterCard requires rapid growth. Diones entire Xtreme terminal range has been developed and proven in the UK retail market and has recently been released for worldwide distribution. Mastercard have chosen the Xtreme Integrated, a new compact countertop EMV level 1 and 2 (EFTPoS) payment terminal, that allows either the cardholder or the cashier to insert the card. It can read magstripe and chip cards and is fully PIN enabled.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce