News

New TAS Group EMV solution manages full array of payments channels

May 23, 2013

Global payments company TAS Group has released NETAcquirer, an EMV-based payments solution, in the U.S. market. NETAcquirer allows acquiring FIs and their merchant customers to capture and manage card transactions across a broad array of payments channels, including ATMs and physical POS terminals as well as e-commerce and m-commerce payment channels.

A press release from TAS said that NETAcquirer seamlessly integrates new payment channels into current U.S. acquiring environments while further optimizing transaction management capabilities. The launch of the NETAcquirer platform for U.S. financial organizations is timely as the U.S. begins to migrate from magnetic stripe debit and credit cards to new secure and more robust EMV chip based credit and debit cards. 

"We are excited to launch NETAcquirer for U.S. customers," said Ennio Ponzetto, U.S. country manager. "NETAcquirer is a fast, scalable and cost-effective solution that allows financial institutions to quickly capture and route transactions across the widest variety of sources."

NETAcquirer is a transactional switch that combines interfacing and routing capabilities with value-added services. Features include:

• acquiring from a broad array of payment devices;
• acceptance of chip EMV, magnetic stripe and flat memory cards, as well as secure elements and mobile SIM cards;
• connectivity with multiple acquiring points — both physical and virtual;
• rules-based routing to different authorization centers;
• multi-protocol conversion, concentrating all transactions (e.g., payment and loyalty) and connecting to one or more processing systems through a single interface;
• monitoring and reporting of transactions;
• short time to market;
• PCI DSS-compliant; and
• ready for:
  • branded and private label cards
  • terminal digital signature on terminals; and
  • loyalty applications.

Read more about transaction processing.