YESpay is unique as a cross-border integrated payment solution, and this is why this show was so successful for us. We have been able to interact with partners and POS vendors and understand their bespoke payment solution needs.
Toronto, Canada (PRWeb UK) February 9, 2011
National Retail Federation’s annual event held this January 2011 in New York, is always an important gathering point for merchants: they can find the best solution related to their point-of-sale. Because attendance is high, this show enables merchants to pick-up the very best solution among various different players. YESpay decided this year to visit NRF to meet with partners and merchants.
Accepting card payments in an integrated fashion has been one of the biggest challenge merchants have been facing at their point-of-sale. No wonder why it was one of the hottest topics at NRF this year! But this challenge should not be a daunting task, as merchants have the choice to overcome this burden using a unique hosted payment solution like YESpay.
Firstly, merchants no longer want to use a standalone terminal and its array of inconvenience. Errors in keying definitely raise high reconciliation costs and renting a dial-up line dedicated to each standalone terminal is another cost merchants want to get rid of. More generally, standalone terminals are now out-of-date because of their poor range of service. What about tokenization for recurring billing, real-time reporting portal etc.? For these reasons, merchants wish to enable their point-of-sale to accept integrated card payments. Hence merchants turn to their point-of-sale providers, then turning to service providers like YESpay. Indeed, point-of-sale providers find it difficult, costly and lengthy to certify an integrated solution with various acquirers chosen by various merchants.
In addition, liability shift for Canadian EMV debit card payments is coming into effect as of March 31st. Merchants are struggling to be EMV-compliant by this threatening deadline. The only way merchants can achieve this is, with the help of their point-of-sale provider, by using a unique outsourced payment solution such as YESpay’s EMBOSS service, fully PCI-DSS certified. Indeed, because EMBOSS service is fully pre-certified with various card acquirers, and because the integration of YESpay payment software with point-of-sale software is completed in a matter of weeks, it is the quickest route to market to meet those merchants’ requirements seamlessly.
The beauty of shows like NRF is that it enables merchants to liaise with various service providers, and pick-up the most effective and competitive. As Harry Morge, National Sales Manager at YESpay explains: “NRF is one of those shows that service providers like YESpay must visit. I can hear what merchants and point-of-sale vendors have to say and understand their bespoke payment needs. And because we are experts in fully hosted payment solution, we can dialog with merchants and point-of sale companies around mitigating their PCI-DSS burden, lowering overall costs through our low monthly service fee, and helping them beat the threatening EMV liability shift deadline of March 31st! YESpay is unique as a cross-border integrated payment solution, and this is why this show was so successful for us.”
As the NRF growing attendance highlights, merchants are now eager to move ahead quickly towards integrated payment solutions, and YESpay is in line with this trend: merchants are live in both Canada and the USA with ChasePaymentech and First Data Merchant Service.
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:
133 Richmond Street West, Suite 406, Toronto, ONTARIO, M5H2L3, CANADA
UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK
USA/Canada Telephone: +1 – 416 – 214 - 6012
UK/Europe Telephone: +44 – 203 – 006 – 3790
PR Contact: Sophia Dahri, Marketing Manager, Tel: +1 416 214 6012 ext 505