ICC Solutions, a provider of EMV test and certification products, and Q-Card, a supplier of magnetic stripe test cards, have inked a deal aimed at driving the migration to EMV chip-and-PIN payment standards in the US.
Britain-based ICC Solutions will add Q-Card to its sales, marketing and support infrastructure in the US as part of its plans to expand operations in the country through EMV chip cards.
David Maisey, CEO of ICC Solutions said:
“We are excited about the new agreement with Q-Card, which will further expand our footprint in the US and help us help our customers migrate seamlessly to EMV.”
The US is the last of the G20 nations to adopt EMV chip-and-PIN payment standard, which is said to reduce card fraud and provide a more secure shopping experience, the companies said.
With the new partnership, Q-Card hopes to grow the emerging payments technology business of the group, which includes EMV based contact, contactless and Mobile NFC payment solutions.
Jeff Myers, director of sales and marketing at Q-Card, said:
“This is a strategic alliance that we have been developing for some time now and we feel this agreement puts Q-Card, and ICC Solutions in a great position for future growth.”
The two larger payment networks, Visa and MasterCard have already expressed their intention to comply with EMV standards by 2013 is the US market.