Clearent Expands Quick Chip Technology to PAX Devices

Now software vendors can offer Quick Chip technology for EMV to merchants on PAX devices in addition to Dejavoo devices

Today, Clearent is expanding its integrated payments solution for Independent Software Vendors (ISVs) by offering Quick Chip technology for EMV on PAX devices. Last month, Clearent announced their Quick Chip technology for ISVs on Dejavoo's line of POS terminals. Now, with more payment device options, ISVs can give their merchants greater flexibility when integrating payments. ISVs can offer their merchants a wide range of PAX devices, including the new PX series. These sleek terminals feature large color displays so merchants can showcase advertising campaigns while accepting a wide variety of payment types. Additionally, software vendors can offer retail and restaurant merchants PAX terminals that cater specifically to their industry with features like tokenization, tip at sale, tip adjust, sales tax and level II data.

Clearent's semi-integrated EMV solution provides ISVs and developers with a turnkey payment integration that uses the latest security standards and technology, including Quick Chip. Through a simple integration, they get access to a scalable platform without having to deal with PCI compliance and EMV network certifications, which can be time-consuming and expensive. On top of that, merchants get a seamless payment experience in-store, online, and on-the-go. This gives software vendors time to focus on what's most important: creating longer-lasting, profitable relationships and evolving their core product.

Clearent's Quick Chip technology with PAX's suite of terminals reduces chip card transaction times from 15 seconds to 2 seconds, allowing merchants to deliver faster check outs for their customers. "It gives the merchant peace-of-mind knowing that their payments software vendor takes security seriously and will go the extra mile to ensure that they are preventing fraudulent transactions from occurring," said Andy Chau, CEO and president of PAX Technology, Inc. "Quick Chip coupled with PAX's widely popular semi-integrated solution allows any software vendor and merchant to support EMV Quick Chip easily."

In addition to offering Quick Chip, the PAX payment devices will also feature Point-to-Point Encryption (P2PE), which protects sensitive card data by keeping it encrypted as it moves through the payment system. This makes the data worthless if there is a breach, protecting merchants and their customers. "Now software vendors can offer a seamless integration on multiple device lines while staying ahead of the curve when it comes to data security – it's the perfect recipe for high merchant satisfaction and retention," said Dan Geraty, founder and CEO of Clearent.

Software vendors can learn more about Clearent's integrated payments solutions by visiting clearent.com/integrated-software/ or they can call Matthew Stanley on our ISV team directly at 919.916.5809.

About Clearent

Clearent's proprietary processing system gives it more flexibility to deliver products that truly help its sales teams and partners stand out from the competition and sign more deals. It also helps the company deliver flexible pricing options, accurate, on-time residuals, and a suite of graphical portfolio management tools that are updated daily. Clearent's Next Day Funding service is also unique because of its 11:00 p.m. Eastern cut-off time, which is one of the latest in the industry. Clearent has more than 300 employees, 45,000 merchants, and $14 billion in processing volume. Its headquarters are in St. Louis, Missouri and it has offices in West Palm Beach, Florida and Louisville, Kentucky. The company has consistently been named to several prestigious lists year after year, such as the Inc. 5000 list of fastest growing companies, The Nilson Report's list of top U.S. acquirers, The St. Louis Post-Dispatch Top Workplaces award, and the St. Louis Business Journal's list of fastest growing private companies. To learn more, visit www.clearent.com or call 866.205.4721.