|By PR Newswire||
|January 14, 2013 03:01 AM EST||
SAN FRANCISCO and NEW YORK, Jan. 14, 2013 /PRNewswire/ -- NRF Annual Convention & EXPO -- Revel Systems (www.revelsystems.com), the leader in iPad point-of-sale solutions, today announced it has become the first iPad point-of-sale (POS) system to provide EMV compatibility (device that allows the new standard of Chip and pin to allow processing on a Point of Sale system) in the United States in anticipation of upcoming deadlines for EMV certification and PCI compliance that could potentially cost business owners thousands of dollars in fees and fines. With credit card fraud on the rise and standards set to change over the next few years, Revel Systems is leading the movement aimed at boosting security and global interoperability with integrated circuit (IC) cards and increasing the flexibility and customization that Revel's customers have come to expect for its retail, restaurant and grocery store iPad POS systems.
"The industry at large is faced with a major need to reduce credit card fraud and increase security. Revel Systems is the first to anticipate impending changes for industry standards for point-of-sale," said Revel's co-founder and CTO Chris Ciabarra. "Integrating directly with EMV readers is the logical next step for us to provide the most innovative technology solutions to our customers and also give them the surest and most secure means to reach EMV certification by the 2016 deadline. To kick things off, we're successfully up and running in the U.S. and Australia—a first for a tablet POS system."
While EMV has been a global standard for reading and using IC cards – also known as "chip and PIN" cards – with POS systems and ATMs in much of the world for some time now, it is new to the U.S. markets. This announcement by Revel Systems for direct POS integration with EMV-enabled products in the United States as well as Australia is a move that marks the initial steps of a plan to eventually integrate with all major EMV providers. Specifically, the company's integration into payment solutions includes providers Ingenico Group and Australia-based Quest Payment Systems, with VeriFone Systems, the Genius platform and Tyro Payments to follow soon. The company also plans EMV integration in the UK, the EU and Japan.
What Business Owners Should Know About EMV:
Named for the integrated security chip and required user PIN number at the point of purchase, chip and PIN cards are considered a more secure payment processing method for both credit and debit cards than the magnetic swipe, which is currently the U.S. standard. Unlike magnetic swipes, chip and PIN cards cannot easily be hacked by computer codes, while the PIN number prevents employee theft and card-capturing fraud.
Until now, Revel Systems—like other tablet POS providers—required external hardware for EMV reading, which was slower and did not integrate directly into the POS. Now, however, Revel iPad POS system will speak directly with EMV devices, with reporting and tracking functions built directly into the Revel backend management console. "Direct integration can save over 5 seconds per transaction, which can equate to huge time and money savings for high-volume clients," Ciabarra added.
Important Deadlines to Remember:
Visa, MasterCard and others have put together a list of dates and deadlines for the universal adoption requirements for U.S. vendors, as follows:
- Effective 1 April 2013 – Visa will require VisaNet acquirer processors to ensure that their systems support merchant EMV chip acceptance. More details can be found here: http://usa.visa.com/download/merchants/bulletin-us-acquirer-mandate-080911.pdf
- Effective 2016 – All MasterCard compatible ATMs will be required to be EMV compliant, and all merchants will be expected to have EMV terminals. Visa and MasterCard will be placing the burden of EMV implementation on the merchant, requiring all merchants to have EMV-enabled hardware by 2016, with hefty fines on all non-adopters that get hacked or have lapses in credit card security.
These new standards mandate that for as little as a few hundred dollars, merchants can invest in EMV-enabled systems that would completely remove the need for PCI compliance in businesses. Visa similarly announced that merchants processing 95 percent of transactions through chip and PIN readers by 2015 would no longer need to maintain PCI compliance. PCI compliance, the current credit card security standard for U.S. businesses, costs thousands of dollars a year, with very hefty fines on non-compliant merchants.
About Revel Systems
Revel Systems was founded in 2010 in San Francisco, CA with the goal of changing the POS market. Founders Lisa Falzone and Chris Ciabarra developed a quick, intuitive, and secure iOS based point-of-sale system by combining cloud-based technology and the mobility of the iPad. Revel recently released a grocery store ready iPad POS system to add to their award-winning restaurant and retail software. Revel Systems software offers a feature-rich Point of Sale solution with integrated payroll, inventory tracking, customer relationship management and more. With the introduction of the Revel Marketplace, Revel POS users can now even integrate directly into third party enhancements, such as mobile payments, online ordering, gift or reward cards and advance financial software suites. Contact us for more information on the future of commerce at www.revelsystems.com.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
SOURCE Revel Systems
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Feb. 27, 2017 05:00 AM EST Reads: 7,399
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 27, 2017 04:30 AM EST Reads: 2,221
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 27, 2017 04:30 AM EST Reads: 4,283
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 27, 2017 04:00 AM EST Reads: 7,327
910Telecom exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and exchanges.
Feb. 27, 2017 03:30 AM EST Reads: 2,183
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
Feb. 27, 2017 03:00 AM EST Reads: 2,268
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 27, 2017 03:00 AM EST Reads: 2,470
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Feb. 27, 2017 02:00 AM EST Reads: 7,537
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Feb. 27, 2017 01:30 AM EST Reads: 1,938
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
Feb. 27, 2017 01:15 AM EST Reads: 1,703
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Feb. 27, 2017 01:15 AM EST Reads: 1,673
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Feb. 27, 2017 01:00 AM EST Reads: 2,136
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Feb. 27, 2017 01:00 AM EST Reads: 1,354
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Feb. 27, 2017 12:30 AM EST Reads: 8,836
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 26, 2017 11:45 PM EST Reads: 2,169