Payments

Pivotal Payments Enter into Partnership with Ingenico for its Flexpoint Integrated Software

Leading provider of merchant services and global payment processing solutions, Pivotal Payments, announced its partnership with Payment solutions Leader – Ingenico - on April 10th 2014. With this collaboration, Pivotal Payments successfully certified Ingenico’s Flexpoint integrated software to the Ingenico Telium iCT series terminal for its Canadian processing platform.

FlexPoint enables Pivotal Payments to better adapt to emerging payment trends as well as provide merchants with a faster and cost-effective solution to integrate their payment systems. Ingenico’s Telium line was chosen based on its security, performance and reliability says the company.

"Our strategic partnership with Ingenico gives us the ability to meet the rapidly evolving technology needs of our clients," said Pivotal Payments CEO, Philip Fayer. "By certifying Ingenico's terminals to run FlexPoint in Canada, we're showing our commitment to supplying our merchants and partners with one of the most innovative hardware and software combinations presently available," he added.

  • FlexPoint can help merchants and integrators, reduce point of sale integrations from many months to days. 
  • The software enables Pivotal Payments' clients to quickly react to new payment standards. 
  • It also provides added flexibility through third party integration. 
  • Its developer-friendly platform features a simple, open API for integrating into third party applications. 
  • High security of implementation is ensured via Firewall placed inbetween FlexPoint and the core payment application. 

Pivotal Payments provides to POS, online and mobile merchants across a variety of services such as electronic check conversion, debit and credit card processing, merchant cash advance programs, loyalty/gift card programs, terminal management solutions and business discounts. Pivotal Payments says that it Processes over $12 Bn in annual bankcard sales volume and serves over 70,000 customers.

“We're excited to partner with a company that shares our vision for innovation and furthering advancements in the Canadian payments industry. Merchants can be confident in selecting our market-proven payment solutions along with Pivotal Payments' FlexPoint software to help them with their payment acceptance needs, now and well into the future," said MD of Ingenico Canada, David Chaudhari.

Some of Ingenico’s significant partnerships since November 2013: 

In November 2013, Ingenico had partnered with Stratix, an outsourcing Managed Mobile Money Services provider – to provide merchants with a completely managed mobile point of sale system. The combined offering of Stratix and Ingenico provides merchants and businesses with a completely managed mPOS. The platform comes with a support solution option which helps manage ‘per device’ monthly payment plan.

In February 2014, Ingenico partnered with Samsung to offer a joint mobile payment solution. This collaboration will enable retailers and merchants to benefit from a seamless mPayment system – bringing together Ingenico’s merchant mobile platform and card readers with Samsung’s mobile devices and tablets. The combination of Ingenico (financial institutions) and Samsung’s (telecommunications operators) channels to market will bring an end-to-end and secured mPayment to businesses of all sizes.

In March 2014, Ingenico entered into a partnership with PayEx to deliver a fully integrated mobile payment solution in the Nordics. The solution targets the Nordic retail and transportation sectors, where on-the-go payments are increasingly being required. This will also increase the range of PayEx terminals in use across the Nordics. The iSMP-based solution turns an iPod  or iPhone into a Chip & PIN,  PCI approved, mobile payment solution.

Towards the end of March 2014, Ingenico was selected by CardConnect as their EMV chip-based payment acceptance technology and P2PE (point-to-point encryption) co-development partner to their 50,000 merchant customers in the USA. CardConnect will utilize the entire value chain of Ingenico’s payment platform. This includes Ingenico’s EMV- and NFC-ready payment devices to highly trusted On-Guard data encryption solution. The all-integrated payment processing solutions will allow merchants to secure cardholder data. They can then conveniently accept all payment means across multiple channels, including mobile, in-store, as well as unattended transactions.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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