News from the Wire

Pivotal Payments ready for Apple Pay

Monday, September 29, 2014 — 18:05:22 (EDT)

Montreal, Sept. 29, 2014 – Pivotal Payments, a leading provider of merchant services and global payment processing solutions, announced today its proprietary FlexPoint platform will support credit and debit transactions through Apple's recently unveiled Apple Pay. FlexPoint securely integrates with third party applications and can adapt to any sales environment, offering virtually unlimited options at the checkout.

FlexPoint was developed with the notion that the rapid pace of change in technology requires a platform that delivers easy, seamless updates to accommodate new and emerging payment types, including electronic wallets such as Apple’s Passbook, and readiness for future e-wallet apps on both iOS and Android. Apple Pay’s transmission of payment information through an NFC antenna built into every new iPhone and Apple Watch makes it fully compatible with FlexPoint.

The launch coincides with merchants already looking to upgrade their point of sale terminals to accept EMV-chip cards. As FlexPoint provides both EMV and NFC capabilities, businesses can enable both to save time and money on future hardware upgrades. FlexPoint's future-proof technology integrates with electronic cash registers, POS software solutions, kiosks and more. Support for Apple Pay will be included in an automatic software update via FlexControl.

"We’re ready to support Apple Pay and are excited to see the market embrace new payment trends," said Philip Fayer, president and CEO, Pivotal Payments. "FlexPoint provides our partners and merchants with a solution that keeps them competitive and their customers’ transactions more secure.”

Clients of Pivotal Payments can look forward to greater value with future enhancements to the company’s point of sale, e-commerce and mobile platforms. Additional security and shopping convenience in the form of tokenization and point-to-point encryption (P2PE) will deliver a frictionless checkout experience and more robust fraud protection measures.

About Pivotal Payments

Pivotal Payments is a leading provider of merchant services and global payment processing solutions. The company provides to point of sale, online and mobile merchants a variety of services such as debit and credit card processing, electronic check conversion, merchant cash advance programs, business discounts, loyalty/gift card programs and terminal management solutions. Pivotal Payments offers these services to small and mid-sized retail businesses, e-commerce, m-commerce and other card not present merchants, chain stores, franchises, restaurants and dealerships. Processing over US $12 billion in annual bankcard sales volume, Pivotal Payments serves more than 70,000 customers. To learn more, visit www.pivotalpayments.com .

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Source: Company press release.