iPad point-of-sale solutions firm Revel Systems, has announced it has become the first iPad point-of-sale (POS) system to provide EMV compatibility in the US in anticipation of upcoming deadlines for EMV certification and PCI compliance that could potentially cost business owners thousands of dollars in fees and fines. With credit card fraud on the rise and standards set to change over the next few years, Revel Systems is leading the movement aimed at boosting security and global interoperability with integrated circuit (IC) cards and increasing the flexibility and customization that Revel’s customers have come to expect for its retail, restaurant and grocery store iPad POS systems.
“The industry at large is faced with a major need to reduce credit card fraud and increase security. Revel Systems is the first to anticipate impending changes for industry standards for point-of-sale,” said Revel’s co-founder and CTO Chris Ciabarra.
While EMV has been a global standard for reading and using IC cards – also known as “chip and PIN” cards – with POS systems and ATMs in much of the world for some time now, it is new to the U.S. markets. This announcement by Revel Systems for direct POS integration with EMV-enabled products in the United States as well as Australia is a move that marks the initial steps of a plan to eventually integrate with all major EMV providers. Specifically, the company’s integration into payment solutions includes providers Ingenico Group and Australia-based Quest Payment Systems, with VeriFone Systems, the Genius platform and Tyro Payments to follow soon. The company also plans EMV integration in the UK, the EU and Japan.
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