Welcome!

Containers Expo Blog Authors: Reinhard Brandstädter, Liz McMillan, Pat Romanski, Elizabeth White, Yeshim Deniz

News Feed Item

Revel Systems Becomes First iPad Point of Sale System to Release "EMV" Processing in the U.S. with Future Launches Planned in Multiple Countries

Designed to Boost Security and Global Interoperability, Revel System's EMV Rollout Kicks Off in USA and Australia; UK, EU, Japan Next in Line

SAN FRANCISCO and NEW YORK, Jan. 14, 2013 /PRNewswire/ -- NRF Annual Convention & EXPO -- Revel Systems (www.revelsystems.com), the leader in iPad point-of-sale solutions, today announced it has become the first iPad point-of-sale (POS) system to provide EMV compatibility (device that allows the new standard of Chip and pin to allow processing on a Point of Sale system)  in the United States in anticipation of upcoming deadlines for EMV certification and PCI compliance that could potentially cost business owners thousands of dollars in fees and fines. With credit card fraud on the rise and standards set to change over the next few years, Revel Systems is leading the movement aimed at boosting security and global interoperability with integrated circuit (IC) cards and increasing the flexibility and customization that Revel's customers have come to expect for its retail, restaurant and grocery store iPad POS systems.

(Photo:  http://photos.prnewswire.com/prnh/20130114/SF41681)

"The industry at large is faced with a major need to reduce credit card fraud and increase security. Revel Systems is the first to anticipate impending changes for industry standards for point-of-sale," said Revel's co-founder and CTO Chris Ciabarra. "Integrating directly with EMV readers is the logical next step for us to provide the most innovative technology solutions to our customers and also give them the surest and most secure means to reach EMV certification by the 2016 deadline. To kick things off, we're successfully up and running in the U.S. and Australia—a first for a tablet POS system."

While EMV has been a global standard for reading and using IC cards – also known as "chip and PIN" cards – with POS systems and ATMs in much of the world for some time now, it is new to the U.S. markets. This announcement by Revel Systems for direct POS integration with EMV-enabled products in the United States as well as Australia is a move that marks the initial steps of a plan to eventually integrate with all major EMV providers. Specifically, the company's integration into payment solutions includes providers Ingenico Group and Australia-based Quest Payment Systems, with VeriFone Systems, the Genius platform and Tyro Payments to follow soon. The company also plans EMV integration in the UK, the EU and Japan.

What Business Owners Should Know About EMV:
Named for the integrated security chip and required user PIN number at the point of purchase, chip and PIN cards are considered a more secure payment processing method for both credit and debit cards than the magnetic swipe, which is currently the U.S. standard. Unlike magnetic swipes, chip and PIN cards cannot easily be hacked by computer codes, while the PIN number prevents employee theft and card-capturing fraud.

Until now, Revel Systems—like other tablet POS providers—required external hardware for EMV reading, which was slower and did not integrate directly into the POS. Now, however, Revel iPad POS system will speak directly with EMV devices, with reporting and tracking functions built directly into the Revel backend management console. "Direct integration can save over 5 seconds per transaction, which can equate to huge time and money savings for high-volume clients," Ciabarra added.

Important Deadlines to Remember:
Visa, MasterCard and others have put together a list of dates and deadlines for the universal adoption requirements for U.S. vendors, as follows:

  • Effective 1 April 2013 – Visa will require VisaNet acquirer processors to ensure that their systems support merchant EMV chip acceptance. More details can be found here: http://usa.visa.com/download/merchants/bulletin-us-acquirer-mandate-080911.pdf
  • Effective 2016 – All MasterCard compatible ATMs will be required to be EMV compliant, and all merchants will be expected to have EMV terminals. Visa and MasterCard will be placing the burden of EMV implementation on the merchant, requiring all merchants to have EMV-enabled hardware by 2016, with hefty fines on all non-adopters that get hacked or have lapses in credit card security.

These new standards mandate that for as little as a few hundred dollars, merchants can invest in EMV-enabled systems that would completely remove the need for PCI compliance in businesses. Visa similarly announced that merchants processing 95 percent of transactions through chip and PIN readers by 2015 would no longer need to maintain PCI compliance. PCI compliance, the current credit card security standard for U.S. businesses, costs thousands of dollars a year, with very hefty fines on non-compliant merchants.

About Revel Systems
Revel Systems was founded in 2010 in San Francisco, CA with the goal of changing the POS market. Founders Lisa Falzone and Chris Ciabarra developed a quick, intuitive, and secure iOS based point-of-sale system by combining cloud-based technology and the mobility of the iPad. Revel recently released a grocery store ready iPad POS system to add to their award-winning restaurant and retail software.  Revel Systems software offers a feature-rich Point of Sale solution with integrated payroll, inventory tracking, customer relationship management and more. With the introduction of the Revel Marketplace, Revel POS users can now even integrate directly into third party enhancements, such as mobile payments, online ordering, gift or reward cards and advance financial software suites.  Contact us for more information on the future of commerce at www.revelsystems.com.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Chris Ciabarra
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=104573

Contact:        
David Oro
707-558-8585
[email protected]

SOURCE Revel Systems

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
"What we see what happens when you have a completely networked society and the potential to now drive the value creation and the collaboration and the ecosystems that are possible when you start to be able to connect people and industries together in ways that have never been possible before," explained Esmeralda Swartz, VP of Marketing Enterprise & Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.