Ingenico Group and Intel Corporation have 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 EMV1 and NFC payment functionalities, a standard required by banks to help prevent credit card fraud.
Under the collaboration, Intel Data Protection Technology for Transactions will be combined with Ingenico Group payment acceptance capabilities in mobile and future solutions in the US and Canada, 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.
“We are very pleased to enter a collaboration with Intel, deploying secured payment acceptance into new connected devices,” commented Philippe Lazare, chairman and CEO, Ingenico Group. “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.”