Ingenico Group and Intel to Bring Payments to the Internet of Things
03 April 2015 - 3:40AM
Today, Ingenico Group (Euronext: FR0000125346 - ING) and Intel
Corporation announced a collaboration to combine Intel technology
and Ingenico Group secure payment acceptance for the Internet of
Things. The companies will jointly develop a mobile tablet that
supports EMV1 and NFC payment functionalities, a standard required
by banks to help prevent credit card fraud.
Today, banks are responsible for fraudulent activity on credit
cards, costing them US$14 billion in 20132. By October 2015, banks
will require retail merchants to upgrade their POS equipment to
support EMV chip cards. If they do not, the retailers will be
responsible for recovering the funds if fraud should occur.
Under the collaboration, Intel® Data Protection Technology for
Transactions will be combined with Ingenico Group payment
acceptance capabilities in mobile and future solutions in the
United States and Canada, beginning with the jointly developed
mobile tablets based on the Intel® Atom(TM) processor.
This will pave the way to a broader set of initiatives and
value-added services to address other worldwide devices for the
Internet of Things, including intelligent vending machines, kiosks
and digital signage.
"We are very pleased to enter a collaboration with Intel,
deploying secured payment acceptance into new connected devices,"
commented Philippe Lazare, chairman and CEO, Ingenico Group. "This
is a great example of how innovation can simplify the purchasing
experience and further enhance the merchant-consumer relationship.
Bringing secure payment into connected devices will root our
payment acceptance expertise in the Internet of Things".
"The shift in liability this October will be a major milestone
in the United States for banks and credit card companies, but
especially for retailers," said Doug Davis, senior vice president
and general manager, Internet of Things Group, Intel. "Intel and
Ingenico Group are working to bridge the retail experience and
security gap while also making sure devices are easy to deploy and
manage so we don't create new burdens for the merchants."
Both companies will be at the Transact 15 Annual Convention
& Expo in San Francisco. For more information on the
partnership, please stop by Ingenico Group's booth (#515) or
Intel's booth (#1825), or visit the Intel online newsroom at
www.intel.com/newsroom/iot.
1 EuroPay, MasterCard and Visa 2 Business Insider, March 4,
2014
About Ingenico Group Ingenico Group (Euronext:
FR0000125346 - ING) is the global leader in seamless payment,
providing smart, trusted and secure solutions to empower commerce
across all channels, in-store, online and mobile. With the world's
largest payment acceptance network, we deliver secure payment
solutions with a local, national and international scope. We are
the trusted world-class partner for financial institutions and
retailers, from small merchants to several of the world's best
known global brands. Our solutions enable merchants to simplify
payment and deliver their brand promise. www.ingenico.com
twitter.com/ingenico
About Intel Intel (Nasdaq:INTC) is a world
leader in computing innovation. The company designs and builds the
essential technologies that serve as the foundation for the world's
computing devices. As a leader in corporate responsibility and
sustainability, Intel also manufactures the world's first
commercially available "conflict-free" microprocessors. Additional
information about Intel is available at newsroom.intel.com and
blogs.intel.com, and about Intel's conflict-free efforts at
conflictfree.intel.com.
Intel, the Intel logo and Intel Atom may be registered
trademarks or trademarks of Intel Corporation in the United States
and some other countries.
Contacts
Ingenico Group |
Ingenico North America |
Intel |
Catherine Blanchet |
Kaitlin Ambrogio |
Danielle Mann |
VP IR & Communication |
Corporate Communications manager |
IoT Media Relations |
catherine.blanchet@ingenico.com |
kaitlin.ambrogio@ingenico.com |
danielle.mann@intel.com |
T./ +33 1 58 01 85 68 |
T./ (857) 254-2413 |
T./ 973-997-1154 |
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