Trintech Appoints Manison Payment Solutions OY to Launch PayWare Smart Technology in Scandinavia

Wednesday 12 November 2003 08:51 CET | News

Trintech Group has appointed Manison Oy as a value-added-reseller (VAR) for its innovative smart card technology in Finland and Sweden.

Manison will market and support Trintechs full range of EMV-certified PayWare Smart 5000 PINPads and software to banks and retailers in the region. The Helsinki-based company is working with Trintech to enable the migration to EMV Chip and PIN that is expected to take place in Finland and Sweden in 2004. With sales and support offices in both markets, Manison is a growing supplier of payment card acceptance solutions in the region. Manison Oy was established in 1999 in Finland and has grown to become a leading supplier within that market. In 2003 it expanded its operations into Sweden. EMV in Scandinavia The move to smart cards and PIN transactions is being encouraged by the shift of liability for fraudulent transactions to retailers from January 1st 2005 under Europay-Mastercard-Visa rules. Roll-out in Scandinavia of EMV cards and devices is expected in 2004. The infrastructure is currently being put in place. 100,000 EMV cards have been issued in Finland and it is anticipated that over 50 percent of cards will be enabled with smart chips by the end of 2004. For Finland the move involves the introduction for the first time of PINPads at the point-of-sale. Finland will commence its first EMV pilot in early 2004.

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Categories: Payments & Commerce | Payments General
Countries: World
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