Trintech Achieves Worlds First Visa PED Class B Certification

Monday 14 March 2005 10:01 CET | News

Trintechs PayWare OpenPay has successfully passed Visas PIN Entry Device (PED) Class B certification. Trintech is the first company in the world to achieve Visa PED Class B certification for devices operating in unattended environments.

The announcement is particularly significant for retailers in self service environments, such as fuel retailing, kiosks and vending, currently migrating to Chip and PIN. The current rollout of Chip and PIN in Europe and Asia means there will be more cardholders using their PIN when purchasing goods or services, providing a low-risk opportunity for the retailers to attract new customers by offering unattended payment. Trintech, can now provide cost-effective, globally interoperable solutions that significantly reduce the risk of fraud at unmanned locations. PayWare OpenPay has Visa PED Class B certification for online and offline PIN transactions allowing it to be used in both magnetic stripe and chip based card schemes. This enables retailers with an international presence to deploy PayWare OpenPay globally without undertaking additional Visa PED certification. Class B approval allows the terminal estate owner to securely download new applications and screen prompts to their payment terminals without compromising Visa PED security and without the need for the vendor to manually intervene. PayWare OpenPay is the first unattended terminal with Class B certification and delivers significant benefits to the self-service market, including: - Oil companies with international retail outlets can localize PayWare OpenPay for different languages and character sets - Retailers can remotely update advertising messages on the PayWare OpenPay terminal, promoting special offers and leveraging cross-selling opportunities - Vending machines using PayWare OpenPay can be loaded with product and pricing information that can be changed rapidly by the merchant.

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

Payments & Commerce