Strategic initiative to deliver EMV-compliant cashless vending across Canada in 2011
Scottsdale, AZ - Apriva, the leading provider of end-to-end wireless transaction and secure information solutions, today announced a strategic initiative with Open Solutions® to deploy EMV-compliant contactless debit and credit card acceptance technology for vending machines and unattended devices throughout Canada. EMV-compliant (Europay MasterCard and Visa) payment solutions enable vending operators to enjoy the profound business advantages realized through cashless technology, while cost-effectively satisfying Canadian regulatory mandates. The joint offering is based on Apriva's highly successful Apriva Vend cashless vending solution and is expected to be deployed throughout Canada later this year.
"Canadian vending operators have been watching the advances in cashless vending in the United States and are eager to grab the reported higher sales and better margins for themselves," said Rob Palin, general manager of Open Solutions' Payment Solutions Group. "By working closely with Apriva, we have developed a card-based payment solution for operators that incorporates secure and reliable operation and addresses the unique market and EMV requirements for Canada. This solution provides consumers with choices to pay at an unattended point of sale and introduces a disruptive technology that will invigorate the Canadian vending market."
Highly regarded as a leading provider of ATM, credit and debit card services throughout Canada, Open Solutions is a Direct Connector member of the Interac Association, a national payment network that allows Canadians to access their money through automated banking machines and point-of-sale terminals across Canada.
Introduced in 2010, Apriva Vend is an end-to-end cashless vending solution that enables operators to accept card-based payments at vending machines. Apriva Vend incorporates all aspects of a cashless vending solution, including hardware, software, payment processing, cellular carrier services and reporting. Apriva Vend provides vending operators expedited access to their cashless funds, 24/7 customer support, leading-edge flexible hardware that meets the most stringent security and privacy mandates, and numerous other benefits.
"As the leading provider of wireless payment processing solutions in North America, Apriva is excited to partner with Open Solutions to deliver an EMV-compliant solution that will help to jump-start cashless vending in Canada," said Paul DeRosse, Apriva's vice president of business development in Canada. "This joint effort not only gives our companies a strong foothold in this important market, but also enables vending operators to provide secure service to their customers, and make more money along the way."
Founded in 1999, Apriva is the leading provider of end-to-end wireless transactions and secure information messaging solutions that meet the exacting security and reliability requirements of financial services providers, government entities, and public service sectors. Through its two operating groups, Apriva Point of Sale (POS) and Apriva Information Security Systems (ISS), the company offers customers fully-managed, end-to-end, security solutions that incorporate hardware, software, network infrastructure and management tools. For more information, visit www.apriva.com.
About Open Solutions
Open Solutions Inc. helps community-based financial institutions succeed by providing essential technologies and insights that enable them to operate more profitably, efficiently and collaboratively. An international company with global reach, Open Solutions is a leading provider of banking system outsourcing to Canadian financial institutions and has served the Canadian financial services industry for more than 30 years. It provides and runs the complex systems that financial institutions rely on to serve their customers, people rely on to access their money and merchants rely on to make sales to their customers. A leader in the global payments market, Open Solutions' Payment Solutions Group (PSG) develops, implements and supports state-of-the-art, industry-standard payment transaction processing solutions for financial institutions, ISOs, retailers and third-party organizations around the world. Open Solutions PSG has hundreds of clients in more than 15 countries and counts many top-tier banks and bank consortia around the world as payment application clients. For more information, visit www.opensolutions.com.
Parallel Communications Group