INGENICO GROUP Moneris partners with Ingenico Group to deploy PAYD™ PRO, Canada's first mobile EMV, Chip and PIN and contactless payment solution.
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Ingenico Group (Euronext: FR0000125346-ING), a global leader in seamless payment, announced today that Moneris Solutions Corporation ("Moneris"), Canada's largest credit and debit card processor, has selected Ingenico to deploy Canada's first EMV® and contactless mobile solution. Ingenico strengthens its 15-year relationship with Moneris, following the successful deployment of Ingenico's Telium 2 range of products across Moneris' national network in the first half of 2014.
With the evolution of the enhanced Telium 2 line, alongside Ingenico Group's strong local customer support network, Moneris recently completed its offering with an mPOS solution for on-the-go merchants, combining its own applications with Ingenico Group's EMV-ready and contactless mobile POS solution. PAYD™ PRO, Moneris' new mobile payment solution, allows merchants to use smartphones and tablets to accept both Interac® Debit and credit card payments via EMV® Chip & PIN, swipe and contactless acceptance technology.
The anytime, anywhere payment solution is currently available on the Apple® iOS® platform and will be available on Android in fall 2014.
"We're very pleased that Moneris has once again demonstrated their confidence in our payment solutions," said David Chaudhari, Managing Director of Ingenico Canada, "and that they have chosen us to introduce the first and only smartphone-based mPOS solution in Canada leveraging our new Ingenico Mobile Solutions brand."
The demand for mPOS solutions is rising, and Moneris and Ingenico have teamed up to respond to what merchants require in today's business environment. Since January 2013, Moneris has seen an average 10 per cent month-over-month growth in the adoption of mobile payments. With the recent addition of PAYD PRO, yearto-date mobile merchant growth has more than doubled, at 132 per cent.
"PAYD PRO is the first payment solution in Canada to give businesses a simple and reliable solution to process EMV credit and debit transactions with tablets or smartphones," said Rob Cameron, Chief Product and Marketing Officer at Moneris Solutions. "We have a long-term, trusted relationship with Ingenico Group, and rely on their expertise in developing mPOS solutions so that we can offer Canadian merchants, particularly small businesses, access to secure and innovative payment acceptance. Initial feedback on this joint solution is very positive and promising."
Merchants have underscored the benefits of PAYD PRO, the mPOS solution deployed by Ingenico and Moneris. Mike Bosch, a sports massage therapist (Athletic Kneads Sports Massage) states that his clients appreciate the contactless feature and how quickly the transaction is completed. Artisan Patrick Yeung (Patrick Yeung Ceramics) says he no longer has to lose out on sales via credit and debit when exhibiting his work at outdoor craft shows and festivals.
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