Lipman Electronics Engineering (Nasdaq:LPMA; TASE:LPMA) today announced that its NURIT 8100 secure multifunction Point-of-Sale terminals received Visa personal identity number (PIN) entry device (PED) Class B entry security approval for online debit and offline smart card transactions.
Class B approval allows 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 laboratory inspection prior to deployment at merchant locations.
Lipman corporpate VP sales and marketing Lazy Yanay 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."
Lipman stated that 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 limited the ability of banks to offer the added value of a multifunction terminal while effectively combating fraud with Visa approved security solutions.
Additionally, Lipman's NURIT 8000 and NURIT 8320 Point-of-Sale 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.
Published by Globes [online], Israel business news - www.globes.co.il - on Tuesday, January 04, 2005