Press Release: Future POS Certifies to Vantiv Integrated Payments for EMV Solution
Butler, PA- March 15, 2016
Future POS, Inc., a top five software developer of restaurant point of sale systems, has partnered with Vantiv Integrated Payments (NYSE: VNTV) a provider of payments technology and services for small and medium-sized businesses (SMBs), to introduce a comprehensive fully-integrated EMV processing solution for the United States market. This new, EMV-enabled interface is available with Future POS’s Future Fusion product.
This EMV-enabled interface includes End to End Encryption (E2E) as well as the ability to accept payments made with NFC technology with apps such as ApplePay and Google Wallet. This solution will work seamlessly with Future POS’s latest version of Future Fusion and can be utilized with the Verifone VX 805.
Vantiv’s new semi-integrated EMV solution for Future POS includes:
- EMV Transaction Support – The ability to process in-store EMV transactions.
- End to End Encryption – Every card transaction is fully encrypted, never touching the POS system and reducing the risk of data compromise.
- Integrated Gift Card – Many solutions are requiring separate MSRs to process gift cards, but Future POS’s solution allows the EMV device to do both credit and gift.
- The ability to accept ApplePay and AndroidPay, allowing for contactless payments using a smartphone.
John Giles, President of Future POS, Inc said, “While most ISOs and ISVs are lagging behind in the adoption of EMV, forward thinking partners like Vantiv Integrated Payments are investing in the technology that will protect their merchants. Future POS has a history of partnering only with best-of-breed companies that share our commitment to delivering cutting edge solutions, and our Vantiv EMV solution is second to none.”
“The alarming trend we have seen is that the charge backs to merchants that were supposed to be only for fraudulent cards has been extended to include virtually all charge disputes,” added Giles. “We actually had a restaurateur who had $15,000 in chargebacks simply because they didn’t have an EMV reader and the cardholder disputed the charges. What was going to originally be an insignificant amount of chargebacks to restaurateurs has turned into a crippling amount of real liability in a very short period of time. We owe it to our customers to make sure they are protected from an onslaught of chargebacks, valid or otherwise.”
“Vantiv is proud to partner with Future POS, a leading independent software solution serving the Hospitality market. Future focuses on serving its resellers and restaurants with best-in-class technology solutions and offering a holistic approach to all types of fraud that restaurant operators face. We are liked minded about payments and POS security,” stated Matt Downs, Head of Business and Channel Development for Vantiv Integrated Payments.
For more information about this exciting partnership, visit www.FuturePOS.com.
About Future POS, Inc
Future POS is one of the top 5 point-of-sale software packages for the hospitality industry and regularly wins prestigious awards such as the RSPA Gold Medallion Vendor of Excellence in 2015. Our state of the art software is used in some of the most prominent fine dining restaurants, major chains, bars, and nightclubs around the world. We offer restaurateurs the most powerful, robust point of sale solution, with features and options that will make your establishment more efficient and profitable. Some of our innovative options include: Digital Signage, Integrated Surveillance, Tableside Ordering, End-to-End Encryption, and the only Mobile POS for both Apple and Android platforms. Our knowledge and experience in the industry is unrivaled, and we understand the mission critical nature of restaurant POS. If it’s not Future POS, it’s just a P.O.S.!
Kelly Giles, Vice President