PA-based FreedomPay’s Commerce Platform has been approved as a payment gateway for EMV on First Data. FreedomPay’s EMV certification combined with P2PE enables merchants to adopt advanced payment security at the point of sale.
As a secure payment gateway, FreedomPay works with global leaders in hospitality, gaming, food service, higher education, healthcare and retail to prevent sensitive cardholder data from entering their point of sale and network environment. Having earned the coveted PCI Validation for P2PE, FreedomPay is approved to reduce the merchant’s scope for PCI compliance from approximately 300 controls to just 30.
FreedomPay certified for EMV using credit card terminals from Ingenico Group with SRED functionality that encrypts card data at the point of interaction. The breadth of EMV-ready devices available to merchants on the FreedomPay platform solves for all payment use cases: multi-lane retail, quick service restaurant, table service restaurant, lodging and unattended kiosk. The EMV certification also includes signature capture support and offline functionality.
The FreedomPay platform is fully integrated with several leading point of sale solutions, including Oracle/MICROS, Agilysys, NCR Quest, Revel Systems, Digital Dining, Nextep, and more, with a robust software development toolkit that enables rapid integration with ISVs. FreedomPay also enables a range of commerce solutions including dynamic currency conversion (DCC), real time incentives, NFC mobile wallet transactions and secure online payments.
With the EMV certification, merchants and ISVs that integrate with the platform do not have to undergo their own separate EMV certification. Combined with PCI-P2PE, ISVs do not have to complete PA-DSS or EMV certifications, saving the time and cost of both the certification and ongoing compliance updates.
For data, background and forecasts on FreedomPay: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).