The Green Sheet Online Edition
March 26, 2012 • Issue 12:03:02
An EMV/NFC ready POS terminal
With Visa Inc.'s mandate to have U.S. merchants Europay/MasterCard/Visa (EMV) smart card ready in the near future, merchant level salespeople (MLSs) must act swiftly to bring merchants up to speed on EMV-enabled terminals. To simplify the process, First American Payment Systems LP introduced the Xion 2.5, a proprietary countertop POS terminal designed with small to midsize merchants in mind.
For merchants, that means having equipment for today's transactions, plus the built-in duality of near field communication and EMV capabilities for handling future payment technologies. In addition, First American designed the unit to be compact and ergonomic, with a large-key back-lit keypad and full color screen for enhanced viewing and touch control operation.
"We wanted to develop a terminal for our merchants that is future-proof yet has improved basic functionality," stated Brian Dorchester, Senior Vice President of Operations for First American Payment Systems.
He added that with EMV deadlines looming for U.S. merchants, the Xion 2.5 is "ready to handle this form of payment, when the time comes, and it will service a broad range of merchant needs."
The Xion 2.5 also features an internal PIN pad and offers two connectivity options, dial-up or Internet Protocol (IP). According to First American, the terminal is EMV Level 1, Level 2 and Payment Card Industry (PCI) PIN entry device (PED) 2.0 certified, as required by the card brands and set forth by the PCI Security Standard Council.
For added convenience, the Xion 2.5 supports First American's Secur-Chex check services program for verification, guarantee and electronic conversion of check payments. It also supports the company's FirstAdvantage merchant gift card program for building customer loyalty at various merchant locations.
"Mobile wallet technology is here," said Rick Rizenbergs, Executive Vice President of Sales and Marketing at First American. "Right now companies, such as Isis and Google Wallet, are gearing up to release their mobile wallet applications to consumers. First American is very excited to introduce our terminal to merchants so they are ready to accept this next generation payment type."
The release of the Xion 2.5 POS terminal is well timed for MLSs and ISOs in the process of educating merchants and deploying terminals that fulfill the card brand mandates. First American said it has successfully navigated the industry's technological maze since 1990 and currently processes payments for over 140,000 U.S. merchants.
First American Payment Systems L.P.
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