VeriFone launches platform enabling banks to offer phone and tablet-based chip-and-PIN card payments

Telecom Lead America: VeriFone Systems has launched SAIL EMV, a new platform that enables banks and acquirers to provide smartphone and tablet-based chip-and-PIN card payments solutions to small and medium-sized merchants.

Banks and acquirers in more than 100 countries and across six continents will benefit as VeriFone’s SAIL EMV provides a complete solution to expand their product portfolios with custom-branded services that enable mobile merchants to accept chip-and-PIN payments.

VeriFone CEO Douglas G. Bergeron

The VeriFone solution includes payment adapters designed to meet industry security requirements; mobile phone SDK’s for integration with iOS and Android mobile platforms; and a secure transaction management system leveraging VeriFone’s Point Gateway payment-as-a-service infrastructure.

“International deployment of the SAIL platform provides a unique mobile payments solution that enables rapid expansion and adoption of secure chip-and-PIN technology through thousands of VeriFone’s international banking and acquiring partners,” said VeriFone CEO Douglas G. Bergeron.

SAIL EMV contains all of the building blocks that banks and processors need to build a custom branded experience. Leveraging Point Gateway, transactions are efficiently managed, and users are presented with powerful tools to help analyze and grow their business.

“No other player provides an equivalent range of solutions, spanning from the largest merchant to the smallest. We’re confident that our partnership with VeriFone will keep us ahead of the competition,” said Dov Kotler, CEO of Isracard in Tel Aviv, one of several organizations already offering or developing SAIL-based services.

“Reducing cash throughout society is highly prioritized for Swedbank and there is a great need for solutions that enable also the smallest merchants to get paid electronically, we clearly see that the smartphone is an important part of the future payment infrastructure. Going towards this, open solutions and security becomes very important,” said Erik Cyrus, head of Group Cards at Swedbank.

“Merchants are eager for a complete integrated mobile payments solution and VeriFone’s SAIL provides us with the ability to develop and deliver customized services locally that leverage VeriFone’s worldwide expertise,” said Jean Ochse, head Acquiring, Standard Bank South Africa, Johannesburg.

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