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Ingenico's iPP350 payment device wins approval for contactless payment method
[January 16, 2013]

Ingenico's iPP350 payment device wins approval for contactless payment method

Jan 16, 2013 (Datamonitor via COMTEX) -- Ingenico S.A., a provider of payment transaction solutions, has received approval for one of its loading and Geldkarte terminals for the contactless payment method girogo.

The Ingenico iPP350 payment device has been certified at the end of December 2012. It has been in operation in the girogo pilot region in the German city of Hanover since mid-2012.

The iPP350 has been approved for all of the card-based payment methods relevant in Germany. The device features a card reader for chip, magnetic stripe and contactless cards. The terminal's NFC reader is located near its color display and is able to process all known contactless payment methods.

At present, the international credit card companies MasterCard and Visa also offer contactless payments with their respective PayPass and payWave systems alongside the 'girogo' method offered by the German Banking Industry Committee (DK). On top of these payment types, so-called 'Mobile Wallets', which also use the NFC procedure and are based on the use of modern smartphones, are currently in the pipeline.

The iPP350 is designed for use as a base terminal for linking checkouts and is therefore primarily used in the field of multi-lane retail, namely at retail outlets with several checkouts.

The transaction receipts are then printed out at the POS. The device's robust yet compact design means that it can also be integrated into taxi systems, thus enabling it to be used in another field of application that is experiencing rapid growth.

Ingenico is currently also working on achieving girogo approval for its other product lines. Plans are in place to soon additionally accept girogo on its iCT250 countertop terminal and its iWL 250 wireless terminal.

The fact that this quick and uncomplicated procedure is oriented toward customers is a clear competitive advantage in the retail world," explains Marc Birkner, Managing Director of Ingenico GmbH.

"Here at Ingenico, we work together with our partners to show that contactless payments are able to make the proverbial difference. By doing so, we create an additional selling point for our services and increase the attractiveness of this payment procedure." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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