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August 4, 2014updated 04 Apr 2017 4:06pm

Moneris to deploy Canada’s first EMV and contactless payment solution

Moneris Solutions, a Canadian credit and debit card processor, has selected Ingenico to deploy Canada's first EMV and contactless mobile solution.

By Verdict Staff

Moneris Solutions, a Canadian credit and debit card processor, has selected Ingenico to deploy Canada’s first EMV and contactless mobile solution.

The recent deal follows the successful deployment of Ingenico’s Telium 2 range of products across Moneris’ national network in the first half of 2014.

Under the terms of the contract, Moneris will implement PAYD PRO, which the company claims to be Canada’s first mobile EMV, Chip and PIN and contactless payment solution.

PAYD PRO enables merchants to use smartphones and tablets to accept both Interac debit and credit card payments through EMV Chip & PIN, swipe and contactless acceptance technology.

The anytime, anywhere payment solution is currently available on the Apple iOS platform, and will be available on Android in fall 2014.

Ingenico Canada managing director David Chaudhari said: "We’re very pleased that Moneris has once again demonstrated their confidence in our payment solutions and that they have chosen us to introduce the first and only smartphone-based mPOS solution in Canada leveraging our new Ingenico Mobile Solutions brand."

Moneris Solutions chief product and marketing officer Rob Cameron said: "PAYD PRO is the first payment solution in Canada to give businesses a simple and reliable solution to process EMV credit and debit transactions with tablets or smartphones."

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