Worldnet, POSDATA Team On EMV Payments

Worldnet Payments announced Tuesday (March 19) that it has entered into a strategic agreement with POSDATA to deliver fully integrated and pre-certified EMV payments solutions.

In a press release, the companies said the solutions they develop will be targeted at independent software vendors (ISVs) that are having a tough time managing all the different elements of payments, including multiple hardware and software vendors.

“ISVs who want to deliver payments capability to their customers often have the problem of dealing with multiple touchpoints across hardware suppliers, distributors, payments gateways and merchant accounts,” said Will Byrne, CEO of Worldnet Payments. “Worldnet and POSDATA are well-positioned to deliver all of these components in an integrated solution. Together, we can deliver this through a single interface to the customer, which is worth more than the sum of its parts for ISVs.”

The companies said POSDATA will supply the hardware components of the solution, and Worldnet will manage the developer-facing software. Both components will be part of a common commercial and support framework.

“Worldnet’s integrated and pre-certified EMV payments solutions, combined with POSDATA deployment capabilities including equipment stocking, software loading, and encryption key injection, will greatly enhance the ability for ISVs to develop and support payment solutions,” said Jeffrey Creighton, CEO of POSDATA.

In a recent interview with PYMNTS, Byrne said the industry is undergoing what he called the “uberization of the payment experience.” He noted that consumers are no longer interested in digging around in a pocket or sifting through a wallet to find a payment card. Rather, they want the credit card information to remain on file with the vendor, so they can conduct business with a click of a mouse or a tap of a smartphone, which provides challenges for ISVs.