May 18, 2010

YesPay fully EMV-certified by Chase Paymentech

ENGLAND--YESpay International Ltd, a global payments services company, has just completed the EMV certification of its EMBOSS card payment service with Chase Paymentech as the first fully-hosted EMV chip-and-PIN payment service in Canada with Chase Paymentech.

YESpay provides secure and scalable EMV chip-and-PIN, contactless and magnetic credit/debit card, e-commerce, and gift card payment processing services to independent and multi-chain merchants in Europe and North America.

The formal certification conducted by Chase Paymentech included end-to-end EMV chip-and-PIN testing with Interac, MasterCard and Visa using the Verifone Vx810 pinpad. This enables YESpay to provide its secure credit and debit card payment acceptance services for retail, MOTO (mail order telephone order) and e-commerce to Main Street and web merchants in Canada.

“YESpay’s Canadian EMV chip-and-PIN and Interac certification with Chase Paymentech is unique,” Rohit Patni, EVP Sales and Marketing at YESpay International, says. “Retailers’ acquirer certification and PCI-DSS (Payment Card Industry Data Security Standard) compliance costs and timescales are minimized with our outsourced card payments service.”

“We’re very happy with YESpay’s certification, because of its proven expertise in the payment sector and its track record in providing managed card payment services for over five years in Europe,” Bill Farris, Vice-President, Product Management, Chase Paymentech, says. “We’re confident that the firm’s knowledge of payments and its provision of outsourced managed services will help support Canadian merchants through their migration to EMV chip-and-PIN and the implementation of PCI-compliant solutions.”

“YESpay’s EMBOSS payment service is a multi-acquirer and PCI-DSS (level 1) pre-accredited card-present and card-not-present transaction switch,” Rahul Garg, Toronto, Ontario-based North America regional manager for YESpay, tells Payments Business. “It manages the authorisation routing and settlement of EMV credit and debit card transactions between multi-channel retail systems and card acquiring networks.”

The EMBOSS managed credit/debit card payment service provides an innovative and low-cost solution, YESpay says. By using EMBOSS, merchants can forego high implementation costs and lengthy accreditation testing to approve their retail systems to EMV and PCI DSS standards as mandated by the card schemes.

YESpay will be exhibiting at the Cardware 2010: Payments Insight Conference which will be held at the Sheraton Fallsview Hotel, 6755 Fallsview Blvd, Niagara Falls, Ontario, L2G 3W7 on June 22-23, 2010.



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