American Banker 1/18/13: Revel Systems this week launched an iPad-based chip and PIN processing system in U.S. The technology integrates payment processing with chip and PIN card payment devices from Ingenico and Quest Payment Systems. Integrations with VeriFone, Genius’ payments platform and Tyro Payments are expected to follow.
The ability to process chip and PIN payments is part of complying with Europay, MasterCard and Visa (EMV) standards. EMV payments are generally considered safer than traditional magnetic stripe payments, and large parts of Europe, Asia and Canada have already migrated to EMV. The migration in the U.S. has been painfully slow, though it’s picked up steam in the past year.
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Source: Paymentspulse

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