TSYS Certifies TranSend’s RevChip EMV Software
Compatible with Ingenico and Verifone point-of-sale devices; enables key restaurant features
Columbus, Ga., and Mount Laurel, N.J., Nov. 10, 2015 — 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 [email protected] or +1.800.560.0415, or the TSYS Developer Services team at [email protected] or +1.888.959.2017.
EMV is a registered trademark or trademark of EMVCo LLC in the United States and other countries.
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.
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 atwww.transendit.com and www.revchip.com.
TSYS Media Relations
TSYS Investor Relations
Peggy Bekavac Olson
Strategic Marketing for TranSend