YESpay imports U.K. payments experience into North America

According to a news release, YESpay for the last five years has been providing fully bank pre-accredited and PCI DSS approved IP-based EMV chip and PIN payment services to multichannel retailers within the United Kingdom that operate in high street, hospitality, leisure, mail-order and e-commerce environments.

Using this experience and pedigree, YESpay's North American operations will focus on helping retailers overcome the challenges of migrating their integrated ePOS retail environment to EMV chip and PIN and contactless payment standards, as well as 3D Secure (verified by Visa and SecureCode) Web payment standards, without the need for formal bank accreditation or full PCI DSS approval.

YESpay's managed EMBOSS card payment service is an online, IP-based payment-processing service that has been pre-accredited by major card processors in Europe and North America. In addition, YESpay's payment service is end-to-end certified to the Payment Card Industry Data Security Standard, Level 1, as mandated by Visa and MasterCard.

Through EMBOSS, merchants can quickly accept integrated card payments within their EPOS tills, kiosks and hospitality payment systems as well as enhance their Web sites for online payments with minimal capital investment and low ongoing services costs.

EMBOSS reduces business and technical issues of outsourcing payment services and helps retailers avoid lengthy timescales and high costs of bank accreditation and PCI compliance of their retail environments, particularly when they only have a handful of integrated point-of-sale terminals or low throughput transactional Web sites.

"Our experiences in the European marketplace make us more than equipped to deal with the challenges of entering the North American marketplace," said Rohit Patni, executive vice president of sales and marketing for YESpay. "Businesses of all sizes are facing major payment issues, including the rise in fraudulent activity, costs and timescales surrounding bank accreditation."