FIME India helps Ezetap in achieving EMV compliance

BANGALORE, INDIA: FIME India supported Ezetap mobile solutions in achieving Europay, Mastercard and Visa (EMV) Level 1 and Level 2 certification for its mobile point-of-sale (mPOS) solution with its advanced EMV consultancy and testing services.

EMV is a global standard for credit and debit payment cards based on chip card technology. Earlier this year, the Reserve Bank of India mandated that any new payment products brought to market by acquiring banks must comply with this internationally recognised standard.

The enhanced product, which allows mobile phones and tablets to be converted into payment acceptance terminals, is seeing rapid adoption among Indian merchants, banks and issuers as they transition to an EMV-based payment infrastructure, and is also being well received in the global payments community as mPOS acceptance terminals gain traction.