Chase Paymentech launches new payment terminal for EMV, m-wallet and contactless payments

Future Proof

Chase Paymentech, a subsidiary of JP Morgan Chase & Co, is launching Future Proof, a terminal allowing merchants to accept current and emerging payments in one streamlined device (view press release). The terminal will accept magnetic stripe, EMV chip cards, m-wallets and contactless payment.

As emerging payment options gain adoption in the U.S., merchants are looking to make the customer check-out process as easy and safe as possible,” said Mike Duffy, president of Chase Paymentech. “The Future Proof terminal is a one-stop solution for merchants to keep accepting today’s forms of payment and prepare for new consumer payment preferences on the horizon.”

Chase Paymentech has designed the terminal for use by a variety of merchants and it is available through Chase’s 5,300 bank branch network and on its website. The launch follows a Juniper Research report forecasting that NFC-enabled payments will grow to USD74 billion in transactions by 2015.

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