US Acquirers offered solution for April EMV compliance deadline with Acquirer Systems' Terminal Emulator
Dublin, Ireland and Charlotte, NC, March 6th, 2013–Acquirer Systems, a global leader in the provision of test and validation solutions to the payments industry, announces the launch of its EMV terminal emulator to help the US payments industry’s migration to EMV.
The Payment Schemes have mandated that acquirers must be capable of accepting EMV transactions by April this year. In the absence of their own EMV terminal deployments, many US acquirers and processors must simulate EMV traffic for testing. In response to this need, Acquirer Systems has launched its ASTREX EMV Terminal Emulator for US acquirers and processors.
Fergal Molloy, CEO of Acquirer Systems, commented, “Acquirer Systems has worked with the Payment Schemes to deliver this solution so US firms can meet the April mandate. The release of ASTREX EMV Terminal Emulator further underlines our commitment to supporting EMV migration.”
The ASTREX EMV Terminal Emulator provides acquirers and processors with a virtual EMV terminal for their desktop PC. The emulator generates EMV transactions for the acquirer’s frontend platforms. For firms who do not have an EMV terminal estate, this eliminates the need to develop an EMV terminal application.
Aidan Corcoran, CTO of Acquirer Systems, commented, “Many of the US payment systems are still based on magnetic stripe technology. This means that US payments firms migrating to EMV have the challenge of ensuring adequate testing of EMV scenarios. With the first of the mandated deadlines fast approaching, acquiring and processing firms need solutions that can simulate a true EMV environment to help them to certify quickly and with certainty.”
About Acquirer Systems
Acquirer Systems provides test and validation solutions for the payments industry. Our software enables issuers, acquirers and payment processors get higher quality products to the market faster, reducing cost and improving competitiveness in a complex and changing marketplace. The company has a global reputation for excellence with Bank Card Issuers, Merchant Acquirers, Payments Processors, and Terminal Vendors. We count blue-chip institutions such as Bank of America, Bank of Ireland, First Data, SwissCard, and Standard Bank of South Africa, amongst a growing customer base. We have 80+ installations across the United States, Europe, the Middle East, Africa and Asia. Acquirer Systems was founded in 1997, is privately held, and is headquartered in Dublin, Ireland.