TSYS Certifies TranSend’s RevChip EMV Software
November 10 2015 - 8:00AM
Business Wire
Compatible with Ingenico and Verifone
point-of-sale devices; enables key restaurant features
TSYS (NYSE: TSS) and TranSend, a provider of infrastructure
software to the payments industry, today announced the
certification of RevChip™, TranSend’s comprehensive EMV®
application tailored to the U.S. market. Compatible with Ingenico
and Verifone point-of-sale (POS) terminal hardware, RevChip
eliminates extensive EMV security certifications for Value-Added
Resellers (VARs), Integrated Software Vendors (ISVs) and their
respective merchant customers by removing their systems from the
flow of sensitive card data. Additionally, RevChip offers many
sought-after EMV restaurant features, including tip adjustment, bar
tab capabilities, partial payment with low balance gift cards, and
a no-signature option for quick-service environments.
Restaurants in the United States face particular challenges with
the country’s move to the EMV security standard. Most EMV POS
software applications available in the market do not accommodate
customary tip-adjustment functionality, which adds gratuities to
transaction amounts after payments are authorized. Standard
procedure in the rest of the EMV-accepting world is to complete
restaurant payment transactions tableside in one step using a final
payment amount. RevChip is unique, preserving the customary tip
adjustment option many U.S. restaurants clamor for.
“Restaurants are key to U.S. EMV migration, so meeting their
needs is critical,” said Craig Ludwig, head of product for TSYS’
Merchant Services segment. “The RevChip software application is
highly valuable in helping our VAR and ISV business partners — as
well as our merchants — satisfy U.S. market requirements.”
"We are extremely pleased that RevChip has earned TSYS
certification,” said Terrence Crowley, chief executive officer,
TranSend. “Pre-certified solutions expedite EMV implementations for
VARs, ISVs and merchants, plus quickly reduce their risk of POS
system breaches.”
For more information about how to put RevChip to use in your
organization, contact TranSend at info@transendit.com or
+1.800.560.0415, or the TSYS Developer Services team
at ACQ-developerservices@tsys.com or +1.888.959.2017.
EMV is a registered trademark or trademark of EMVCo LLC in the
United States and other countries.
About TSYS
At TSYS® (NYSE: TSS), we believe payments should revolve around
people, not the other way around. We call this belief
People-Centered Payments®. By putting people at the center of every
decision we make, TSYS supports financial institutions, businesses
and governments in more than 80 countries. Through NetSpend®, A
TSYS Company, we empower consumers with the convenience, security,
and freedom to be self-banked. TSYS offers issuer services and
merchant payment acceptance for credit, debit, prepaid, healthcare
and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with
local offices spread across the Americas, EMEA and Asia-Pacific.
TSYS is a member of The Civic 50 and was named one of the 2015
World's Most Ethical Companies by Ethisphere magazine. TSYS
routinely posts all important information on its website. For more,
visit us at www.tsys.com.
About TranSend
TranSend provides software and infrastructure services for
payments. Its products include high capacity software switches,
terminal management systems and point-of-sale (POS) terminal
applications. Its products and services are used by many of the
world’s largest payment processors and their channel partners.
TranSend is deeply involved in the U.S. migration to the
Europay-MasterCard-Visa (EMV) standard for secure payment
transactions. The company’s RevChip software provides a
comprehensive set of EMV features and has been specifically
tailored to meet the needs of the U.S. market. More information is
available at www.transendit.com and www.revchip.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151110005296/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.comorStrategic Marketing
for TranSendPeggy Bekavac Olson,
+1-480-706-0816transend@smktg.com
Total System Services (NYSE:TSS)
Historical Stock Chart
From Apr 2024 to May 2024
Total System Services (NYSE:TSS)
Historical Stock Chart
From May 2023 to May 2024