As IoT Adoption Gathers Steam, Intel Prepares to Bring Payments into it
FREMONT, CA: Intel and Ingenico Group – a France-based secured mobile payment solutions company – collaborate to develop a mobile tablet that supports EuroPay, MasterCard and Visa (EMV) and NFC payment functionalities.
The deal will bring together Intel’s Data Protection Technology for Transactions and Ingenico Group payment acceptance capabilities in mobile devices in the U.S. and Canada. From the initial mobile tablet, the collaborative payment solution for the IoT is planned to be extended to kiosks, digital signage systems, and vending machine in future. The prospective mobile tablet will be based on the Intel Atom processor.
Intel Data Protection Technology for Transactions
With the objective to create a secured transaction path directly routing data from the payment terminal to the bank’s servers, Intel Data Protection Technology for Transactions implements a combination of hardware authentication and end-to-end encryption. It encrypts sensitive personal information and securely shares it with the bank without keeping the sensitive information on the PoS system.
"We are very pleased to enter a collaboration with Intel, deploying secured payment acceptance into new connected devices," commented Philippe Lazare, chairman and CEO, Ingenico Group. "This is a great example of how innovation can simplify the purchasing experience and further enhance the merchant-consumer relationship. Bringing secure payment into connected devices will root our payment acceptance expertise in the Internet of Things".