Increased demand for readily available goods and services from remote locations at all hours of the day is driving the self-service market, and payment processing technology has to keep pace.
Wilmington, Delaware USA and Copenhagen, Denmark (PRWEB) November 02, 2011
Today Electronic Payment Exchange (EPX), a full-service payment processor providing combined tokenization and end-to-end encryption payment solutions to global merchants, and Cryptera, a world-leading provider of secure payment solutions and encrypting PIN pads, announced their partnership offering unattended payment solutions to the self-service market. Using Cryptera’s secure, EMV-certified UPT 7000 Unattended Payment Terminal with EPX’s tokenization-based payment processing platform, the companies will provide superior payment solutions for unattended kiosks, vending machines, fuel pumps, quick-service restaurants, electric vehicle chargers, and other self-service systems.
Leveraging EPX’s payment processing expertise in the global, unattended self-service kiosk market along with Cryptera’s leading market share of the world’s ATM PIN pads, the EPX/Cryptera partnership enables each company to expand its self-service processing footprint. EPX Marketing Director Steven Kendus believes the EPX/Cryptera partnership positions both companies for rapid growth. “From parking meters and photo printing kiosks to road-side electric car chargers and ticketing machines, unattended systems are quickly becoming commonplace. Increased demand for readily available goods and services from remote locations at all hours of the day is driving the self-service market, and payment processing technology has to keep pace,” Kendus said. “Our partnership with Cryptera allows us to meet this growing demand by providing both the payment processing hardware and software for unattended systems,” Kendus continued.
Cryptera Business Development Manager Soren Busk sees the EPX/Cryptera partnership as an opportunity for Denmark-based Cryptera to expand its United States customer base. “We have provided Cryptera PIN pads for U.S. fuel pumps and ATMs for years, and we now look forward to integrating our UPT 7000 Unattended Payment Terminal with other unattended systems,” said Busk. “Partnering with Electronic Payment Exchange enables our development teams to work together to incorporate tokenization technology and back-end processing into our payment solutions and opens up more of the U.S. market.”