Interac Partners with ICC Solutions to further chip and pin payments migration for Interac in the U.S.
TORONTO, January 15, 2018 – Canadians will be able to use chip technology through the Interac® Debit service at more merchant locations across the U.S., thanks to a new partnership between Interac Association/Acxsys Corporation and ICC Solutions, a cross-border debit certification provider. With this partnership, ICC Solutions becomes a preferred chip certification vendor for Interac in the U.S., facilitating testing support for U.S. merchants and acquirers and validating Interac’s certifications results in accordance with its U.S. specifications.
“We’ve seen an increased appetite amongst U.S. merchants to better serve their Canadian consumers when it comes to cross-border payments,” says Edwin Lam, Director, International Products at Interac. “ICC Solutions will help us bring the Interac Debit service’s chip and pin payments to more merchants across the U.S., offering Canadians a more secure way to pay across the border.”
The Interac Debit service allows consumers to pay for purchases with their own money, straight from their bank account, at a comparatively low acceptance cost for merchants. Thanks in part to chip technology, Interac transactions are secure and protected.
“ICC Solutions is delighted to be selected as the preferred chip certification vendor for Interac in the U.S.,” says Derek Ross, Head of Sales and Business Development, ICC Solutions. “We welcome this new opportunity to partner with Interac Association, having successfully worked together on chip projects during the migration to chip in Canada. Our proven expertise in the provision of chip test tools and services will enable merchants in the U.S. to experience an efficient Interac certification campaign.”
About ICC Solutions
ICC Solutions Limited is a global leader in the provision of chip test tools and services and offers the complete set of qualified test suites for payment brand accreditation of contact and contactless chip terminals. Our tools are used worldwide enabling development, quality assurance and regression testing in addition to formal merchant certifications.
Investing in R&D, ICC Solutions developed an innovative and highly efficient closed-loop solution designed to simplify the chip enablement, testing and validation process. This solution places our clients in full control of their chip certification activities.
About Interac Association and Acxsys Corporation
Together, Interac Association and Acxsys Corporation operate an economical, world-class debit payments system with broad-based acceptance, 24/7/365 reliability, security, and efficiency. The organization is Canada’s leading payments brand and is chosen an average of 16 million times daily to pay and exchange money. For more than 30 years, it has facilitated secure financial transactions through the development of innovative and convenient digital debit and money transfer solutions. A leader in the prevention and detection of fraud, the organization has one of the lowest rates of fraud globally. Visit interac.ca or follow us @INTERAC.
Interac Association/Acxsys Corporation