Sterling Payment Technologies, a leading provider of secure payment processing, and Ingenico Group, the global leader in seamless payment, announced the release of the market’s first EMV payment solution that supports tip adjust from the point of sale solution and point-to-point encryption (P2PE) for Ingenico Group’s semi-integrated smart terminal solutions, the iCT 220CL and the iCT250. The new solutions leverage the benefits of Sterling’s proprietary processing platform.

EMV tip adjust allows restaurants to continue to settle credit card payments the same way they would with mag-stripe cards—by adding the tip after the initial card authorization.

P2PE encrypts sensitive card data at the point of entry and remains protected until decrypted at a secure endpoint so that it’s never exposed to internal systems or legible to cybercriminals.

“Sterling’s application is the first in the industry to provide both EMV tip adjust from the POS and P2PE for these terminals. Both bring significant benefits to the restaurant and services industries by providing extra data protection and making businesses operate more efficiently,” says Rich Peterson, divisional president of integrated point of sale at Sterling Payment Technologies.

Due to the liability shift by the major card brands in 2015, businesses that do not use terminals that process EMV chip card transactions are now liable for chargebacks associated with payments made with counterfeit, lost or stolen payment cards. This burden can represent significant losses to businesses that do not use EMV-enabled point of sale systems.

“Being able to provide ISVs and merchants with a semi-integrated payments solution is incredibly important, as it can reduce the time needed for certification, which means a faster implementation, and also helps merchants to reduce their PCI compliance scope. Combining Sterling’s application with Ingenico Group’s smart terminals has resulted in an advanced, secure EMV solution for businesses,” says Bernie Frey, senior vice president, U.S. indirect sales for Ingenico Group.

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