Internationally Proven EMV Chip and Signature Solution Now Available Via US Channel Partners
~~PALO ALTO, Calif., May 29, 2013 /AnywhereCommerce, a global payments technology provider, today announced the availability of its Walker Chip and Signature mobile payment solution to merchant services providers and retailers throughout the United States. Walker is a compact and rugged payment acceptance device that enables mobile payment acceptance for EMV Chip and Signature modes as well as legacy magnetic stripe use. Designed and developed to operate on payment networks throughout the world, Walker is currently in use across numerous global markets, and is now available for deployment by payment services providers in the US.
“Walker is a simple and elegant mobile Point-of-Sale (mPOS) solution that enables merchants, acquirers, ISOs, and issuers to quickly and cost-effectively add EMV-certified chip-based payment technology to their expanding m-commerce offerings here in the US — without having to abandon still-dominant magnetic stripe capability,” said Mitchell Cobrin, founder and chief executive officer of AnywhereCommerce. “It is an ideal bridge for providers that are looking for a product to ease the transition to the highly anticipated rollout of EMV-based payment services throughout the United States.”
Walker enables merchants to accept EMV-compliant Chip and Signature payments while still continuing to support magnetic stripe payments. The device employs patented audio jack connectivity and encryption technology to ensure secure and reliable operation in mobile POS applications. The device can be integrated with a variety of third-party mobile payment apps or with the AnywhereCommerce app that is available for download from major app stores.
“While the payment industry eagerly anticipates the adoption of EMV-based technology here in the United States, the reality is, this transition will likely take several years to roll out before fully manifesting itself in the market,” noted David Kaminsky, senior analyst with Mercator Advisory Group, a Boston-based market research firm. “A flexible product such as Walker, which enables EMV payment acceptance while still supporting magnetic stripe capability, offers merchants and other parties a safe and familiar way to wade into the coming EMV wave.”
Walker is certified by EMVCo for EMV Level 1 and 2, is compatible with most smartphones and tablets, and supports iOS, Android™, BlackBerry®, Windows® Phone, and Symbian® operating systems. The device also has a USB port for battery charging as well as facilitating operations with legacy POS systems that do not support audio jack connectivity.