Cardknox, a leading EMV and Omni-Channel payment gateway, and ID Tech, a global leader in payment peripherals, have announced the industry’s first zero-integration EMV solution. Becoming EMV compliant has traditionally been a lengthy and disruptive process for retailers, who have needed to purchase expensive hardware with vastly different payment flows that would then have to be integrated into their existing POS system. Now, even merchants who use legacy POS systems that only support traditional mag-stripe readers can avoid these inconveniences and quickly start processing EMV chip cards – all without making any code changes.
The Cardknox solution supports the Augusta card reader by ID Tech, a secure EMV chip and magnetic stripe reader that is specifically designed to offer retailers a simple upgrade path to EMV. The device also features Quick-Chip technology, so customers can benefit from the fastest processing times. Augusta Project Manager Vince Steffano called the Cardknox integration with Augusta “revolutionary” for its ability to allow systems integrated with standard gateway solutions to start processing EMV payments.
“Cardknox’s inventive solution is the only one of its kind and mimics the payment flow of a traditional mag-stripe reader,” said Yanky Weiss, CTO at Cardknox. “With Plug and Play compatibility for all operating systems including support for browser based POS systems, our solution can be implemented in many environments without changing even one line of payment processing code.”
Beyond offering faster and more secure payment processing, Cardknox utilizes technology to optimize transactions for lower interchange rates, and it can route transactions based on an advanced rule-based algorithm. Cardknox also has emulators for popular gateways, simplifying the transition to EMV compatibility. Merchants will be sure to come out ahead with a solution that is easy to integrate, lowers processing fees, and reduces the threat of chargebacks due to the EMV liability shift.
“The Augusta reader is the perfect complement to the services that we provide,” said Mark Paley, Director of Partner Sales at Cardknox. “It allows merchants integrated with legacy gateways to have the security of EMV, which reduces merchant chargeback liability and increases customer trust in the security of their payments. We are excited to add the Augusta line of products to our host of solutions that make EMV payments accessible to merchants in all industries and verticals, independent of system requirements.”
About Cardknox
Cardknox is a developer-friendly EMV gateway solution that can be seamlessly integrated with POS systems and websites. Offering gateway-only or integrated payments with the lowest rates and most aggressive residuals in the industry, Cardknox serves thousands of customers across every major industry throughout the United States, UK, and Canada. For more information, visit www.cardknox.com.
About ID TECH
ID TECH is a global leader in payment peripherals, with sales, manufacturing, and R&D facilities around the world. The company has become a well-established payment solutions provider with extensive experience in data capturing and encryption products and services. Designing dependable, feature-rich products has made ID TECH a leading supplier of Magstripe readers, mobile payment readers, contactless readers, smart card readers, barcode readers, POS keyboards, signature capture devices, PCI-compliant PIN pads, and other specialty products for OEMs, VARs, resellers, distributors, and key end users. ID TECH provides both standard and custom solutions to support customer requirements. For more information about ID TECH, please call 1-800-984-1010 or visit www.idtechproducts.com.
