Verifone and Microsoft are teaming up on the EMV front.
Verifone announced a new partnership today (Jan. 14) with Microsoft to provide its comprehensive, EMV-ready, Payment-as-a-Service solutions certified for Microsoft Dynamics AX. This integration will deliver Microsoft Dynamics customers with the ability to expedite EMV acceptance, simplify payment management and enhance security.
“Ongoing changes in standards and requirements have made managing payments increasingly more complex,” said Ashvin Mathew, general manager of Microsoft Dynamics. “Partnering with Verifone — a longtime expert in solving merchants’ payment challenges — will simplify this process and enable our users to focus on growing their businesses and improving the customer experience.”
In the merchant race to spend time and money certifying point-of-sale software with processors in order to support EMV, those merchants are also working to secure PCI compliance. That’s where Microsoft Dynamics AX and Microsoft Dynamics RMS come into play to serve users. Payment-as-a-Service from Verifone bundles the necessary solutions (payment hardware, software and support services) into one integrated solution.
The central payment system management is key to a simpler payment system, Verifone noted in the release about the news. Because this solution is built on Verifone’s Secure Commerce Architecture (SCA), which connects payment terminals directly to the Verifone Payment Gateway, it prevents sensitive payment data from entering POS software.
In turn, it enables merchants to update their devices to support PCI changes and card brand-specific EMV requirements, all without having to re-certify each time software changes occur. Verifone’s Payment-as-a-Service offerings also incorporate end-to-end encryption.
Beyond simplifying payment management for merchants, Verifone’s solution protects merchants by preventing exposure of sensitive payment information to malware that cybercriminals often use to infect POS software and steal cardholder data.
“In addition to simplified payment management, merchants want the most efficient, secure and hassle-free ways to support EMV, NFC, mobile wallets and other emerging payment methods that also offer new engagement opportunities with their customers,” said Jim Surber, regional head of Payment-as-a-Service in North America for Verifone. “Partnering with Microsoft Dynamics — provider of industry-leading point-of-sale software and omnichannel retail and commerce solutions — will greatly expedite our ability to deliver these capabilities to a vast number of merchants across the U.S.”
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