CardFlight Integrates EMV Chip Technology for its SwipeSimple Mobile Point-of-Sale Solution

NEW YORK, March 26, 2015 -- CardFlight, a leader in mobile point of sale (POS) technology announced today the availability of EMV-ready chip card readers for its SwipeSimple mobile point of sale solution.

The United States is in the process of migrating to the EMV chip card standard, with a liability shift occurring in October 2015 that provides incentives for merchants to upgrade their payment terminals to devices capable of reading chip cards. "While some providers have announced plans to offer mobile EMV card readers, CardFlight is one of the first to actually make them available for purchase and deployment in the United States," said Derek Webster, Founder and CEO of CardFlight.

Deploying EMV chip card solutions requires a rigorous set of integrations, certifications and approvals. CardFlight is already in certification testing with multiple leading processors and expects to achieve full certification with multiple providers during the second quarter of 2015.

"By offering the EMV-ready readers today, CardFlight's partners can be confident that they are giving their merchants future-proof hardware that will last well beyond the October 2015 EMV liability shift," Webster added. The readers also contain an encrypted magnetic stripe reader, which allow merchants to accept payments on cards that do not contain an EMV chip or if their processor isn't yet fully supported for EMV transactions.

The EMV-ready card readers pair with CardFlight's SwipeSimple mobile POS solution. Launched in 2014, SwipeSimple includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and admin dashboard for merchants, and a reseller portal for easy onboarding and portfolio management. Transactions are processed through CardFlight's PCI-DSS Level 1 Compliant payment gateway.

SwipeSimple is a product of CardFlight, Inc., although CardFlight does not sell the product to merchants directly. Rather, SwipeSimple is offered by a network of dozens of resellers including leading banks, merchant service providers and independent sales organizations. The solution can be co-branded or white-labeled to feature each reseller's logo and other pertinent details.

Additionally, the company is announcing that POS Portal will be a launch partner in distributing CardFlight's EMV-ready solutions. POS Portal has rapidly become the industry leading hardware provider over the past 15 years, and proudly serves household names like BBVA Compass, Capital One and Wells Fargo. POS Portal's bi-coastal distribution facilities ship over 1,200 POS devices every day to merchants nationwide, and CardFlight's EMV-ready readers will be the first EMV-ready mobile card reader solution that POS Portal is offering. "CardFlight and POS Portal already serve many of the same customers. We're excited to now offer their EMV-ready solutions to the hundreds of our partners that rely on us every day for hardware procurement and deployment," said Joe Villamil, VP Business Development at POS Portal.

Here is an illustration of the new EMV card reader:

About CardFlight:

CardFlight is a leading provider of tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. They offer developer tools and software developer kits that allow retailers and vertical solution providers to easily build their own custom POS software. Additionally, they offer SwipeSimple, a turnkey mobile application that helps merchant service providers, banks, and other financial institutions offer a mobile point-of-sale solution to their customers, without having to build their own technology from scratch. CardFlight's technology platform also includes encrypted card readers and a PCI Level 1 compliant payment gateway that supports over 20 different processors, to provide clients with complete mobile payments and mobile POS (mPOS) solutions. In 2014, CardFlight was awarded the Technology Innovation Award by the Electronic Transactions Association (ETA), the global trade association representing companies than offer electronic transaction processing products and services.

About POS Portal

Since 2000, POS Portal has achieved a leadership position in the point-of-sale industry by providing unparalleled levels of customer service and technology innovation to its partners. POS Portal's bi-coastal distribution facilities ship over 10,000 POS devices every month to merchants nationwide. POS Portal is committed to continuing the relentless pursuit of our corporate mission: To provide exceptional customer service and point-of-sale innovation.

Note: This is a press release.