Ingenico, Moneris partner on mobile payment system in Canada
By Canadian Vending
By Canadian Vending
Aug. 5, 2014, Toronto – Moneris Solutions and Ingenico
Group together have released a mobile EMV, chip and PIN, and contactless payment system in Canada.
Aug. 5, 2014, Toronto – Moneris Solutions is partnering with Ingenico Group to deploy a mobile EMV, chip and PIN, and contactless payment
solution in Canada.
Debit card processor Moneris Solutions will work with Ingenico to initiate the system, called PAYD PRO.
The new mobile payment system allows merchants to use smartphones and tablets to accept both Interac Debit and credit card payments via EMV chip and PIN, swipe, and contactless acceptance technology.
It is currently available on the Apple iOS platform and will be available on Android in fall 2014.
“We’re very pleased that Moneris has once again demonstrated their confidence in our payment solutions and that they have chosen us to introduce the first and only smartphone-based mPOS solution in Canada leveraging our new Ingenico Mobile Solutions brand," said David Chaudhari, managing director of Ingenico Canada, in a release.
Since January 2013, Moneris has seen an average 10 per cent month-over-month growth in the adoption of mobile payments. With the recent addition of PAYD PRO, year-to-date mobile merchant growth has more than doubled, at 132 per cent.
“PAYD PRO is the first payment solution in Canada to give businesses a simple and reliable solution to process EMV credit and debit transactions with tablets or smartphones,” said Rob Cameron, chief product and marketing officer at Moneris Solutions. “We have a long-term, trusted relationship with Ingenico Group, and rely on their expertise in developing mPOS solutions so that we can offer Canadian merchants, particularly small businesses, access to secure and innovative payment acceptance. Initial feedback on this joint solution is very positive and promising.”