A New Approach to IoT Payments, Courtesy of Intel and Ingenico

Intel and Ingenico Announce Secure Payments Agreement for IoT

Intel Senior Vice President and General Manager, Internet of Things Group, Doug Davis (left) and Ingenico CEO Philippe Lazare announce a secure payment agreement for the Internet of Things at Transact 15.

From solving critical security and manageability issues, to addressing connectivity concerns for payment processing, Intel Internet of Things brought secure end-to-end solutions for IoT transactions to key vertical markets at Transact 15 in San Francisco. At this year’s event, Intel demonstrated how Intel IoT solutions enable seamless transactions on any device, anywhere, and announced a key collaboration that will combine Intel IoT technology with Ingenico Group’s secure payments for the Internet of Things.

“We are very pleased to enter a collaboration with Intel, deploying secured payment acceptance into new connected devices,” said Philippe Lazare, chairman and CEO, Ingenico Group.

“This is a great example of how innovation can simplify the purchasing experience and further enhance the merchant-consumer relationship. Bringing secure payment into connected devices will root our payment acceptance expertise in the Internet of Things.”

The shift in liability this October will be a major milestone in the United States for banks and credit card companies, but especially for retailers,” said Doug Davis, senior vice president and general manager, Internet of Things Group, Intel. “Intel and Ingenico Group are working to bridge the retail experience and security gap while also making sure devices are easy to deploy and manage so we don’t create new burdens for the merchants.”

As part of the collaboration, Intel® Data Protection Technology for Transactions and Ingenico Group payment acceptance capabilities will join forces in new secure mobile tablets based on the Intel® Atom™ processor. The tablets will support EMV and NFC payment functionalities, a standard required by banks to help prevent credit card fraud.

Also, at Transact 15, Intel IoT showed off a variety of popular demos, showing how Intel IoT is bringing intelligence to objects that have historically been unconnected:

Intel® Data Protection Technology for Transactions (Intel® DPT)

Intel Data Protection Technology for Transactions

Using hardware authentication and end-to end encryption, Intel® DPT for Transactions is designed to secure credit/debit and personal data from the moment a transaction is initiated. Intel DPT for Transactions creates a transaction path that directly routes data from the payment terminal to the bank’s servers, encrypting sensitive personal information that bypasses the POS platform, its system memory, and the POS’s operating system. Learn more about Intel® DPT for Transactions.

Intel Mobile Payment Solutions

Intel IoT Mobile Payment Solutions

Intel® -based tablets enable retailers the flexibility to work with their choice of OEMs, ISVs, and either Win8* or Android*-based operating systems. Mobile solutions based on Intel® technologies ensure manageability and ease of integration into backend systems for lower total cost of ownership. Options for payment include EMV, NFC, and MSR, and 1-2D barcode scanning enables inventory look up. Learn more about Intel mobile payment solutions.

Intel® Security PCI Solutions for Small and Medium Businesses

Intel Security PCI Solutions for Small and Medium Businesses

Intel Security and Aperia Solutions* combine forces to tackle the small and medium business (SMB) challenge.  The integration of Intel Security’s SaaS End Point Protection and Aperia Solutions’ industry leading PCI platform delivers an essential enterprise level security suite to the SMB environment. Learn more about Intel Security’s SaaS End Point Protection Suite.

Other trends at Transact15 focused on how connectivity, security, and manageability are key tenets of IoT in the rapidly changing payment landscape. It is expected that the number of transaction devices will grow geometrically and to manage the complexity there is a growing need to align a holistic architecture incorporating security at all levels; from device, gateway, network, and cloud.

Learn more about Intel retail solutions for the Internet of Things: intel.com/retail.

David McKinney

About David McKinney

Social Media Manager, Internet of Things (IoT) Group INTEL CORPORATION David is a 16 year veteran at Intel and currently the Social Media Manager for Intel’s Internet of Things Group (IoTG). Prior to his current position, David led the content creation enthusiast notebook marketing efforts where he defined product strategies to solve content creation workflow problems and establish Intel leadership in the Digital Content Creation (DCC) segment. David has held business development manager and marketing leadership positions in multiple Intel business groups, including the Intel field sales organization. Outside of work, David enjoys a number of hobbies ranging from hiking to volunteer work at the Oregon Humane Society along with the discovery of new technologies related to music creation and photography. You can follow David on Twitter: @dmckinney and continue the conversation on Twitter by following @IntelIoT and friend us on Facebook.com/Inteliot.

Comments are closed.