Equinox L5000 Device and NCR Connected Payments Platform Eliminate Complexity of EMV Development, Integration and Certification
Equinox Payments (“Equinox”), a leading provider of payment terminals, applications and support services, and NCR, a global leader in omni-channel solutions, recently announced the availability of a robust payment solution that helps increase security and quickly enables EMV-certified technology in their retail point-of-sale (POS) systems. The Equinox L5000 series payment devices are certified on NCR’s Connected Payments platform – a powerful SaaS payment solution – eliminating the need for retailers and VARs to go through the complex and lengthy EMV Level 3 end-to-end certification process.
Customers with existing L5200/L5300 devices can enable EMV immediately via NCR’s Connected Payments platform. The devices utilize Connected Payments’ ability to support point-to-point encryption (P2PE), so that actual card data never enters the POS, drastically reducing the complexities associated with PCI compliance validation.
“We’re excited to offer NCR customers and VARs the ability to implement EMV and contactless payments while reducing the headaches associated with annual PCI compliance validation,” said Rob Hayhow, vice president, Equinox.
“Cloud technology allows us to offer this innovative solution with Equinox, resulting in a simpler and more direct path to EMV certification for our valued customers and partners,” says Ken Harris, Head of Business Development and Strategic Partnerships for NCR’s Payment and Security group. “EMV implementation is a highly complex and multi-faceted process – we are committed to doing everything we can to help merchants navigate and streamline that process, and more easily manage new payment adoption and regulatory compliance as a whole.”
Payment amounts are passed from the POS to the L5000 terminal, which encrypts the card data using Secure Reading and Exchange of Data (SRED) technology. The Connected Payments gateway routes transactions to the processor of choice for authorization, and reports the results back to the POS for transaction completion and receipt printing.
NCR Corporation is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.
About Equinox Brookfield
Equinox LLC (dba Equinox Payments) was founded in 2014 as a result of an acquisition of assets from Equinox Payments, LLC. Located in Scottsdale, Arizona, Equinox is looking beyond product features to rethink and reimagine the customer payment experience.
Leveraging 35+ years of payment industry innovation enables Equinox to provide experienced “last mile” support for the wave of innovative new payment technologies sweeping the payments industry.
The company is owned by NBS Payment Solutions, based in Toronto, Canada and a leading provider of electronic payment solutions to the financial industry for over 25 years. NBS Payment Solutions is a wholly-owned subsidiary of Brookfield Asset Management, a global asset manager with over $225B of assets under management. Brookfield is listed on the New York (BAM) and Toronto (BAM.A) stock exchanges. For more information, visit www.equinoxpayments.com.
SOURCE: Equinox Payments