ATLANTA, Aug. 17 /CNW/ -- Global Payments Inc. (NYSE: GPN), a world
leader in electronic transaction processing services, announced today it has
successfully completed end-to-end EMV (EuroPay MasterCard Visa) chip
certification for both MasterCard credit and Interac Direct Payment cards in
Canada. Achieving these two Canadian EMV chip milestones, coupled with its
prior EMV chip certification with VISA, provides Global Payments with the
capability to process EMV chip transactions in Canada for each of these major
card types, and represents a significant milestone for Canadian merchants and
solution providers alike.
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Global Payments also offers EMV chip certification in other markets
including Central and Eastern Europe through its wholly-owned subsidiary,
Global Payments Europe.
Chip enabled payment cards contain a small microchip that securely stores
encrypted data designed to identify the card and the cardholder. Chip cards
can carry sophisticated security programs and, in Canada, will also require
PIN entry by the cardholder for chip transactions, a combination that provides
better protection against unauthorized use of a credit or debit card when used
at a chip-enabled POS device.
The Canadian payment card industry previously announced plans to migrate
towards chip technology and the EMV Chip standards, in order to prevent fraud
and increase security.
"This accomplishment represents Global Payments' ongoing commitment to
provide our significant Canadian customer base with leading-edge solutions and
builds upon our market leadership in technology implementation and
certification," said President of Global Payments Canada, Jordan Cohen.
"Additionally, being among the first, if not the first processor in
Canada, to announce our ability to certify our customer's payment solutions
for VISA, MasterCard, and Interac Direct Payment EMV Chip reflects Global's
pledge to provide one-stop shopping to Canadian merchants, as they look to
enable seamless chip adoption and payment acceptance interoperability in their
stores," Cohen added.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies and multi-
national corporations located throughout the United States, Canada, Latin
America, Europe and the Asia-Pacific region. For more information about the
company and its services, visit www.globalpaymentsinc.com.
This announcement may contain forward-looking statements pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform Act of
1995. These forward looking statements involve risks and uncertainties such as
product demand, market and customer acceptance, the effect of economic
conditions, competition, pricing, development difficulties, foreign currency
risks, costs of capital, continued certification by credit card associations,
the ability to consummate and integrate acquisitions, and other risks detailed
in the Company's SEC filings, including the most recently filed Form 10-Q or
Form 10-K, as applicable. The Company undertakes no obligation to revise any
of these statements to reflect future circumstances or the occurrence of
Contact: Phyllis McNeill
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