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Ingenico Welcomes the Migration and Adoption of EMV in the United States
Ingenico, the leading worldwide provider of payment devices and services, reacted positively to the recent announcement by VISA Inc. to accelerate the migration to EMV contact and contactless chip technology in the United States. Boasting the largest installed base of EMV-enabled terminals (over 15 million) globally, Ingenico sees the arrival of the smart card technology as the next logical step in preparing the U.S. payments ecosystem to benefit from the international interoperability and newly emerging non-traditional NFC-enabled mobile payments technology. The EMV and other next generation chip-based payment technologies will enhance the current payment infrastructure in the U.S. by positioning it to accept and handle chip transactions, and securing payments through the use of dynamic card authentication. The added security features that promise to reduce the impact of card-based fraud will benefit both retailers and cardholders.
"With our global presence and multiple successful EMV card migrations around the world, including most recently Canada, we have accumulated an unparalleled level of EMV expertise and knowledge," said Thierry Denis, president of Ingenico, North America. "We fully understand chip-based technology benefits for retailers and cardholders and are uniquely qualified to lead the U.S.
migration to EMV and contactless acceptance. Not only will chip technology reduce fraud levels for merchants and card issuers, it will also provide American consumers with the flexibility and convenience to use their payment cards outside of the U.S. where they cannot currently do so."