Lipman Electronic Engineering has reported that its NURIT 8100 secure multifunction point-of-sale terminals have received Visa PED Class B PIN entry security approval for online debit and offline smart card transactions.
Class B approval addresses the market need for flexibility by allowing banks to install their own or third party payment and value-added applications, such as loyalty programs, without the need for individual applications to undergo costly, time-consuming laboratory inspection prior to deployment at merchant locations.
The NURIT 8100 is the only fully programmable all-in-one terminal listed by Visa International as meeting the Class B requirements. Until now, the lack of Class B terminals has limited the ability of banks to offer the added value of a multifunction terminal while effectively combating fraud with Visa-approved security solutions.
Additionally, the company’s NURIT 8000 and NURIT 8320 point-of-sale (POS) terminals and NURIT 292 PIN pad have received Visa PED offline approval. These new approvals complement existing Visa PED online approvals for these devices and for the NURIT 222 online PIN pad.
Lazy Yanay, corporate vice president of sales and marketing of Lipman, said, Fraud control continues to be a major focus of the payment industry throughout the world. The NURIT 8100 was introduced earlier this year in response to market demand to offer merchants new applications at the point-of-sale, while increasing the level of transaction security.
Yanay added, We believe that this Visa PED Class B approval, combined with the multifunctional nature of the NURIT 8100, enables Lipman to provide real-world solutions to the growing problem of global payment card fraud, while allowing banks to deploy terminals with the wide range of features and applications that their customers demand.