Pivotal Payments announces EMV certification for its FlexPoint integrated payment processing platform

Published: October 28, 2015

Pivotal Payments, a leading provider of technology-driven global payment processing solutions, today announces it has certified FlexPoint®, its proprietary integrated payments platform, with Visa, MasterCard and American Express card networks, becoming one of the few card processors in North America to achieve this coveted designation. FlexPoint's point-of-sale (POS) terminal hardware and software combination now offers the highest level of security available to protect against card-present data fraud.

EMV is a global standard for credit and debit card processing that promotes better security by embedding a "smart chip" into payment cards. The encrypted chip secures transactions and makes cards extremely difficult to hack or clone. October 1, 2015 marked the liability shift for EMV in the United States. Now, liability for counterfeit fraud transactions in card-present environments has shifted from financial institutions to the party who has not enabled a compliant solution if fraud would have been avoided using EMV. FlexPoint's EMV certification ensures that the payment terminal and POS software are able to process payment transactions in accordance with each card brand's specifications.

Certifying for EMV is a long, arduous process, coupled with high resource and monetary costs. FlexPoint eases the burden of certification for Integrated Software Vendors (ISVs) and Value-Added Resellers (VARs), delivering an out of scope solution for integration and deployment. This can potentially save ISVs and VARs thousands of dollars and months of labor on their own respective certifications. With only a few data fields, they can now be integrated, certified and ready to deploy a complete EMV solution in just days.

FlexPoint's EMV certification presents the following benefits:

"EMV enablement and compliance are critical for ISVs, so we've decided to reduce the complexity of independent certification. While many prominent processors and acquirers are not yet ready for chip cards, FlexPoint is one of the few platforms to offer EMV certified integrated payments," said Joe Lane, senior vice president of FlexPoint, a division of Pivotal Payments. "We've made it an easy, seamless process for point of sale developers and integrators to benefit from our highly customizable platform, so they can more efficiently design, test and rapidly market their payment applications."

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