Ingenico, Intel to work on products for the Internet of Things
Ingenico Group and Intel Corp. last week announced a partnership to combine Intel technology and Ingenico payment acceptance for the Internet of Things. The companies will jointly develop a mobile tablet that supports EMV and NFC payment functionalities, according to a press release.
Under the collaboration, Intel Data Protection Technology for Transactions will be combined with Ingenico payment acceptance capabilities in mobile and future products in the U.S. and Canada, beginning with the jointly developed mobile tablets based on the Intel Atom processor.
The companies said this will pave the way to a broader set of initiatives and value-added services to address other worldwide devices for the Internet of Things, including intelligent vending machines, kiosks and digital signage.
"We are very pleased to enter a collaboration with Intel, deploying secured payment acceptance into new connected devices," said 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."
"The shift in liability this October will be a major milestone in the United States for banks and credit card companies, but especially for retailers," said Doug Davis, senior vice president and general manager, Internet of Things Group for Intel. "Intel and Ingenico Group are working to bridge the retail experience and security gap while also making sure devices are easy to deploy and manage so we don’t create new burdens for the merchants."
Companies: Intel Corporation