YESpay Paving the Way for EMV in North America
June 4, 2010
YESpay International Ltd, a global card payments services company based in the U.K., announced it has completed the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the U.S. and Canada. YESpay is now working with merchants in the U.S. and Canada who need to upgrade their retail POS systems to EMV chip-and-PIN card payment standards, enabling them to process EMV cards that are being globally issued. “We are not the only company thinking along the lines of offering EMV card acceptance in the U.S.,” said Dr. Chandra Patni, CEO of YESpay International. “According to an industry article published recently, the retail giant Wal-Mart is reportedly planning to make all its payment terminals in its U.S. stores chip-and-PIN-capable. Such a move would definitely trigger other U.S. merchants to move to chip-and-PIN transaction processing.” The company said the EMBOSS service provides an innovative and low cost solution that helps merchants integrate online card payments with their existing retail infrastructures while providing a simplified migration path to EMV compliance for credit and debit card acceptance.