YESpay International Ltd, a global payments services company, has completed the EMV certification of its EMBOSS card payment service with Chase Paymentech™ as the first fully hosted EMV Chip and PIN payment service in Canada with Chase Paymentech.
Toronto, Canada (PRWeb UK/PRWEB ) May 10, 2010 -- YESpay International Ltd, a global payments services company, has completed the EMV certification of its EMBOSS card payment service with Chase Paymentech™ as the first fully hosted EMV Chip and PIN payment service in Canada with Chase Paymentech.
The formal certification conducted by Chase Paymentech included end-to-end EMV Chip and PIN testing with Interac, MasterCard and Visa using the Verifone Vx810 pinpad. This enables YESpay to provide its secure credit and debit card payment acceptance services for retail, MOTO (mail order telephone order) and e-commerce to main street and web merchants in Canada.
EMBOSS already has a proven track record as a generically certified IP-based payment processing service used by major retailers in Europe for the past 5 years and has been fully end-to-end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by the payment brands since 2006.
Through EMBOSS, merchants can fast track the implementation of integrated EMV card payments acceptance solutions for their electronic cash register, kiosks and hospitality payment systems. It can also enhance their websites for on-line payments with minimal capital investment and low on-going services costs. EMBOSS reduces business and technical issues of outsourcing payment services and helps merchants avoid lengthy timescales and high costs of EMV certification and PCI compliance of their retail environments. Fully scalable, EMBOSS can address the needs the single location merchant as well as larger chains.
Rohit Patni, EVP Sales and Marketing, YESpay, said, “Our generic certification of EMBOSS is a major breakthrough in Canada. Businesses of all sizes who have been facing in-house system certification issues, including the task of complying with PCI DSS regulations, can outsource their payment processing needs to YESpay who takes on the responsibility, relinquishing a significant proportion of costs and timescale of PCI compliance and bank certification.”
Bill Farris, Vice-President, Product Management, Chase Paymentech, said, “We are very happy with YESpay’s certification, because of its proven expertise in the payment sector and their track record in providing managed card payment services which they have been doing for over five years in Europe. We are confident that the company’s knowledge of payments and the provision of outsourced managed services will help support Canadian merchants through their migration to EMV Chip & PIN and the implementation of PCI compliant solutions.”
YESpay’s EMBOSS managed credit / debit card payment 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 in Canada.
About Chase Paymentech:
Chase Paymentech, a subsidiary of JPMorgan Chase with headquarters in Toronto, ON and Dallas, TX, is a global leader in payment processing and merchant acquiring. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, Chip and PIN debit cards, and prepaid stored value cards. Chase Paymentech also provides a full set of solutions aimed at accelerating cash flow and managing transaction data. On the Internet or at the point of sale, Chase Paymentech’s unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to Canadian companies both large and small. More information can be found at www.chasepaymentech.ca
About YESpay International Limited:
YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments. www.yes-pay.com
YESpay International Ltd Offices:
UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
133 Richmond Street West, Suite 406, Toronto, ONTARIO, M5H2L3 CANADA
UK/Europe Telephone: +44 – 203 – 006 – 3790
USA/Canada Telephone: +1 – 416 – 214 - 6012
PR Contact: Rohit Patni, EVP Sales and Marketing, Tel: +1 416 214 6012,
rohit.patni(at)yes-pay(dot)com ###
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