Visa Selects Intellect
Announcement posted by Intellect 19 Dec 2002
Intellect Chosen For Visa Smart Breakthrough Acceptance Device Program
Intellect (ASX: IHG) today announced that it has been selected by Visa International to offer a new cost effective point-of-sale device that meets Visa functional requirements.
Intellect's new point-of-sale device, the PRESTO 210p, alongside key service and solution elements, has been developed into a package to support Visa's drive to remove the barriers to chip migration for its member banks. As part of the Visa Smart Breakthrough Acceptance Device program, the global payments provider sought out point-of-sale devices that would improve the business case for the migration to EMV and offer Visa's 21,000 members EMV systems with the latest technology and the accompanying services to ensure their success.
The PRESTO 210p is a revolutionary new device from Intellect combining a low-cost secure architecture with unique ergonomics and styling. Fully compliant with the latest payment standards, the design of the device allowed it to be offered at a price considerably lower than standard terminals without compromising the functionality available to users.
Intellect CEO, Mr. Jan de Smet said, "We are exceptionally excited about this opportunity. Visa has recognised Intellect's service package,
experience in Smart Card Devices and the exceptional potential of our new generation device, which breaks down traditional cost barriers to set a new pricing standard."
Mr. de Smet is particularly pleased with the new device's role in facilitating the low-cost implementation of chip payments, "Additionally,
Intellect's commitment to a number of geographic markets key to Visa, has ensured that we came with the appropriate solution for the Visa members around the globe."
Intellect, selected by Visa for its commitment to providing quality, cost-effective products, is a leading supplier of smart card solutions and
is involved in many EMV chip migration projects around the world. In April 2002, Intellect won a massive AUD$8million order from Europay Austria to upgrade the hardware and software of Europay's terminals to meet the new EMV2000 smart card standard.
ENDS
About Intellect
Intellect designs and develops secure electronic transaction solutions. Intellect products range from secure payment, smart card and mobile transaction devices to personal payment and financial systems solutions. Headquartered in Brussels, Belgium, Intellect has offices in Australia, the UK, the USA and Hong Kong with a global partner network operating in over 30 countries. This gives its customers local market support with the benefits of a global infrastructure.
Intellect can be found on the World Wide Web at www.intellect.com.au
Intellect's new point-of-sale device, the PRESTO 210p, alongside key service and solution elements, has been developed into a package to support Visa's drive to remove the barriers to chip migration for its member banks. As part of the Visa Smart Breakthrough Acceptance Device program, the global payments provider sought out point-of-sale devices that would improve the business case for the migration to EMV and offer Visa's 21,000 members EMV systems with the latest technology and the accompanying services to ensure their success.
The PRESTO 210p is a revolutionary new device from Intellect combining a low-cost secure architecture with unique ergonomics and styling. Fully compliant with the latest payment standards, the design of the device allowed it to be offered at a price considerably lower than standard terminals without compromising the functionality available to users.
Intellect CEO, Mr. Jan de Smet said, "We are exceptionally excited about this opportunity. Visa has recognised Intellect's service package,
experience in Smart Card Devices and the exceptional potential of our new generation device, which breaks down traditional cost barriers to set a new pricing standard."
Mr. de Smet is particularly pleased with the new device's role in facilitating the low-cost implementation of chip payments, "Additionally,
Intellect's commitment to a number of geographic markets key to Visa, has ensured that we came with the appropriate solution for the Visa members around the globe."
Intellect, selected by Visa for its commitment to providing quality, cost-effective products, is a leading supplier of smart card solutions and
is involved in many EMV chip migration projects around the world. In April 2002, Intellect won a massive AUD$8million order from Europay Austria to upgrade the hardware and software of Europay's terminals to meet the new EMV2000 smart card standard.
ENDS
About Intellect
Intellect designs and develops secure electronic transaction solutions. Intellect products range from secure payment, smart card and mobile transaction devices to personal payment and financial systems solutions. Headquartered in Brussels, Belgium, Intellect has offices in Australia, the UK, the USA and Hong Kong with a global partner network operating in over 30 countries. This gives its customers local market support with the benefits of a global infrastructure.
Intellect can be found on the World Wide Web at www.intellect.com.au