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STS Payments is very pleased to announce it has successfully achieved EMVCo Level 2 certification of the Ingenico Lane/3000 PED, along with the re-approval of the Ingenico iPP350, extending its support until 2024.
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London, 24 October 2019 PDMS, a market leading software solutions and services company and STS, a payments acceptance software specialist, have today announced a new strategic partnership that will deliver enhanced payments acceptance solutions for ferry and transportation operators.
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Airports and airlines globally are upgrading their IT infrastructure in order to improve customer service, increase flexibility, process ancillary revenues, reduce costs and enhance data security. Investments are being made in key technologies, including payments acceptance systems, in order to achieve these objectives.Common Use infrastructure
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The European Payment Services Directive (PSD2) requires payment users to be securely authenticated in order to enhance protection of individuals and reduce the amount of fraud occurring. These requirements are spelt out in the PSD2 Regulatory Technical Standards (RTS) issued by the European Banking Authority and require compliance with this new law by the 14th September 2019.
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Criminals are increasingly targeting point of sale terminals in order to conduct financial fraud. They have recognised the high value of payment card data and seen that many retailers are not paying sufficient attention to protecting their estate of payment systems and sensitive customer information.
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The way consumers shop and wish to pay for goods and services have changed radically over the last decade but the industry has not kept pace and adapted to these changes. At STS we believe that a new payments architecture is necessary. Here are reasons why we feel this is needed and the benefits it would bring to merchants and all payment industry stakeholders.
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London, 18 October 2018 STS, the payments acceptance software specialist, celebrates as it turns 21 today with the launch of a new company website.
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Accepting card payments on board trains, planes and ferries is tricky, because online authorisation of cards can be difficult or impossible with patchy or non-existent communications. To make matters worse, the major card schemes now mandate online authorisation for more types of card transaction. Many card processing systems don’t support offline authorisation at all.
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Consumers are demanding an increased range of payment acceptance methods. They want more than just cash and Visa/Mastercard plastic card payment options. Retail merchants have recognised this customer need and realise that in the current extremely competitive market they have to respond.
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Maximising ancillary revenue opportunities
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STS, the payments acceptance specialist, has announced the results of its survey into the importance of Alternative Payment Methods (APMs) to retail merchant businesses. APMs differ from traditional card based transactions in a number of ways: form factor, technology used, associated/verification methodology and transaction flow.
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PayOp uses a number of common, standardised mechanisms to ensure that it is scalable to many devices, payment applications and users, and to provide resilience to server or network failure. The use of standardised mechanisms mean that it can fit into existing frameworks and that it is easy to configure in completely greenfield environments.
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