08 Apr Trending: Ingenico Group and Intel to Bring Payments to the Internet of Things
In April Ingenico Group and Intel Corporation announced a collaboration to combine Intel technology and Ingenico Group secure payment acceptance for the Internet of Things. The companies will jointly develop a mobile tablet that supports EuroPay, MasterCard and Visa (EMV) and NFC payment functionalities, a standard required by banks to help prevent credit card fraud.
Intel® Data Protection Technology for Transactions will be combined with Ingenico Group payment acceptance capabilities in mobile and future solutions, beginning with the jointly developed mobile tablets based on the Intel® Atom™ processor. This will pave the way to a broader set of initiatives and value-added services to address other worldwide devices for the Internet of Things, including intelligent vending machines, kiosks and digital signage.
“This is a great example of how innovation can simplify the purchasing experience and further enhance the merchant-consumer relationship. Bringing secure payment into connected devices will root our payment acceptance expertise in the Internet of Things,“ commented Philippe Lazare, chairman and CEO, Ingenico Group.
“Intel and Ingenico Group are working to bridge the retail experience and security gap while also making sure devices are easy to deploy and manage so we don’t create new burdens for the merchants,“ said Doug Davis, senior vice president and general manager, Internet of Things Group, Intel.