(PRWEB UK) 20 May 2011
Centric announces that its StoreWorld product suite, the end-to-end solution for Retail, is now integrated with YESpay’s managed debit and credit card payment service EMBOSS, that enables retailers to process EMV Chip & PIN and magnetic credit and debit card payments within seconds from their point of sale terminals.
The partnership between YESpay and Centric allows multi-national retailers to use a single and uniform EFT platform throughout the whole of Europe (35 European countries, including UK and Ireland), as well as in Canada and the United States, thus no more interfacing with local, country dependent EFT suppliers is needed. EMBOSS supports both off-line and on-line PIN verification ensuring it can deal with all credit and debit card payments. Pan-European merchants can significantly reduce their card processing costs by having a single merchant service agreement with Elavon and low monthly EMBOSS service costs. In addition, merchants can dramatically reduce the technical burdens and high costs of operating multiple card payment services in the different countries they have stores in – EMBOSS is a common payment solution for all stores regardless of location.
Centric chose to integrate with YESpay in order to offer to its customers in UK and Europe a secure, pre-accredited and multi-channel payment service. EMBOSS is generically pre-accredited with all major Acquirers in the UK, Europe and North America and it supports all major EMV credit and debit cards, including Visa, MasterCard, Interac, Maestro, Amex, Diners and more. Fully scalable, EMBOSS can address the needs of the single location merchant as well as larger chains with 100s of stores.
Retailers can also benefit from an IP-based integrated solution and a web-based real-time transaction reporting module down t o individual terminal information. YESpay’s payment gateway, EMBOSS, is fully PCI-DSS Level 1 certified and supports enhanced security features such as Point-to-Point encryption and tokenisation, making sure that no credit or debit card data is exposed to the retailer or transmitted over unsecure networks.
Extra value added services include contactless payments, DCC (Dynamic Currency Conversion) and Tax Free payments, equally offered in an integrated fashion with the retailer’s point of sale.
YESpay offers its managed payment service through a SaaS (software as a service) model at a low monthly fee per EPOS system, providing fast access via its EMBOSS payment processing gateway and ensures service reliability and robustness through cloud computing architecture.
Wim Vandenbussche, Product and Partner Manager at Centric Belgium comments “The integration with the Emboss solution from YESpay allows Centric to offer a Pan European EFT solution within our StoreWorld Product Suite and to allow International Retailers to benefit from one uniform and PCI-DSS compliant solution, software and hardware, and to centralize all EFT transactions at a single location, thus reducing the costs and negotiate better transaction deals with their bank. Avoiding integration with local EFT suppliers in each country also reduces the development and maintenance costs.”
Rohit Patni, EVP Sales and Marketing at YESpay International comments “Centric is a leading retail solutions Partner and we are excited at the prospect of working with them to help their European retailers integrate a single complete payment solution in a Pan European basis. Speed of transaction and quality of service are key requirements that these customers are looking for in a managed cards payment service. YESpay is offering exactly this at a low monthly cost, with no upfront capital investment and without the need for long and costly bank accreditation and PCI-DSS compliance.’’
About Centric StoreWorld: Centric StoreWorld is a State-of-the-Art End2End solution for the Retail. We offer our International Retail Customers a complete set of modules to help them streamline their Retail Business.
Point of Service / Point of Sales, Real Time communication through SOA environment (Message Queuing, Web services), Multi-Channel capabilities, Loyalty, Gift cards, CRM, Pan-European/USA/Canada EFT solution, Self scanning, Intranet/Extranet, e-Learning/CBT, extended Promotion Module, are just a handful of functionalities that are available within StoreWorld : Centric StoreWorld has embraced Retail 3.0 within its framework and functionalities.
Our solution is foreseen for National and International retailers that want to have a Centralized Management and Coordination for their brands and stores. Multi-Currency and Multi-Lingual capabilities are therefore fully incorporated within StoreWorld.
About Centric Belgium:
Centric Belgium is part of the Centric Group – with 15.500 employees in ten countries - to which Oranjewoud and Finace also belong. Oranjewoud focuses on engineering, construction and consulting services, Finace concentrates on financial services. The IT-company Centric Belgium serves some 1,000 clients from SMEs to multinationals. The four most important competencies are: IT services, management and optimisation of systems and infrastructures for large and medium-sized companies; IT professionals, suppliers of high level IT consultants; IT solutions, building of standard software for markets such as construction, retail and supply chain.
About YESpay International Limited:
YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.
YESpay International Ltd Offices:
UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
133 Richmond Street West, Suite 406, Toronto, ONTARIO, M5H2L3 CANADA
UK/Europe Telephone: +44 – 203 – 006 – 3790
USA/Canada Telephone: +1 – 416 – 214 - 6012
PR Contact: Antonia Mitsana, Marketing Manager, +44-203-006-3790 ext. 227
Belgium Headquarters: Siemenslaan 12, 8020 Oostkamp, Belgium
Telephone: +32 50 83 33 33
PR Contact Arne Vandendriessche, Marketing Manager, +32 478 34 78 32