TSYS and TranSend, a provider of infrastructure software to the payments industry, announced the certification of RevChip, TranSend’s comprehensive EMV application tailored to the U.S. market.
Compatible with Ingenico and Verifone point-of-sale (POS) terminal hardware, RevChip eliminates extensive EMV security certifications for Value-Added Resellers (VARs), Integrated Software Vendors (ISVs) and their respective merchant customers by removing their systems from the flow of sensitive card data. Additionally, RevChip offers many sought-after EMV restaurant features, including tip adjustment, bar tab capabilities, partial payment with low balance gift cards, and a no-signature option for quick-service environments.
Restaurants in the United States face particular challenges with the country’s move to the EMV security standard. Most EMV POS software applications available in the market do not accommodate customary tip-adjustment functionality, which adds gratuities to transaction amounts after payments are authorized. Standard procedure in the rest of the EMV-accepting world is to complete restaurant payment transactions tableside in one step using a final payment amount. RevChip is unique, preserving the customary tip adjustment option many U.S. restaurants clamor for.
TranSend is deeply involved in the U.S. migration to the Europay-MasterCard-Visa (EMV) standard for secure payment transactions. The company’s RevChip software provides a comprehensive set of EMV features and has been specifically tailored to meet the needs of the U.S. market.
For data, background and forecasts on the TSYS: 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).