Payment technology

CardConnect selects Ingenico to provide EMV-ready solutions

IngenicoCardConnect—a payment processing provider—recently chose Ingenico as its EMV chip-based payment technology and P2PE co-development partner for 50,000 merchant-customers in the U.S.

Ingenico’s payment solutions will allow U.S.-based merchants to securely accept payments across a number of channels.

“As a global leader in the payments industry, Ingenico is committed to working closely with payment processors in the U.S. to enable seamless payment acceptance across all customer touchpoints,” Ingenico North America President Thierry Denis said. “We are excited to join forces with CardConnect in bringing Ingenico’s P2P data encryption and EMV-ready payment solutions to their vast merchant customer base.”

Jeffrey Shanahan, the president and CEO of CardConnect, said merchants face a number of new challenges, with the growing popularity of digital payments, compliance with new PCI standards and the upcoming shift to EMV.

“Never before has the payment industry faced such daunting challenges, all at once,” Shanahan said. “The best way for merchants to excel here is to adopt secure, EMV-ready products and solutions that will reduce their PCI scope through encryption and tokenization… Ingenico shares our vision of what payments technology really means—solutions that secure cardholder data, are flexible across sales channels and can be applied to businesses of all sizes. This co-development partnership is a huge win for merchants.”

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