Italy-based software group TAS has signed an international reseller agreement with North America’s B2 Payment Solutions, which it said will help the US payment industry capitalise on Europay, MasterCard and Visa (EMV) migration.
TAS said that the agreement represents a significant milestone in its international expansion and an important step in its North American market penetration and business development.
Migration to EMV, already underway in the US, will enable US payment industry players to pursue significant opportunities for global interoperability, fraud reduction, near field communication (NFC) and mobile synergies, catching up with much of the rest of the world.
The new partnership will allow issuers, acquirers, vendors, merchants and processors engaged in EMV projects to benefit from proven technological and business know-how. The product offering will be initially focused on EMV data preparation and personalisation; then extending to transaction acquiring and authorisation.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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