I Love Velvet gains EMV2 certification

I love Velvet reaches EMV2 certification

I love Velvet announced last week at the National Retail Federation (NRF) that it has reached EMV2, the second level of EMV certification, which authorises PIN and integrated Chip (IC) payments from debit, credit and smart cards worldwide. According to Patrick Bouaziz, the company’s Chief Visionary Officer, I Love Velvet “is now fully operational in every country around the world.” The mobile payment solution provider also this month customised point-of-sale (POS) solutions for Nespresso and Verizon Wireless.

I Love Velvet claims to have increased sales by 100% since starting in 2010 and to now be the world’s third largest mobile payment solution provider after Ingenico and Vodafone. The company’s clients in the payment industry include Bank of America, Moneris Canada, Heartland Payment Systems, Zete Nederland and TSYS. The company also has market penetration in hospitality, telecommunications, health care, fashion and travel.

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