New York -- Bindo, a retail technology company, is launching a mobile Europay, MasterCard, Visa (EMV)-compliant credit card reader for its cloud-based iPad point-of-sale (POS) system.
Bindo’s newly developed EMV reader has full end-to-end encryption with its iPad POS system and is both EMV Level 1 and Level 2 certified in the U.S.
It slots into the audiojack of an iPhone or an iPad, and allows mobile credit card payment acceptance. Bindo’s system encrypts and tokenizes cardholder data at the point of capture and its tamper-safe security module (TSSM) helps prevent third party brute force attacks. The card reader will continue to support dual and triple track card reading.
Bindo’s mobile card reader will be able to process both chip-and-signature cards and chip-and-PIN cards, enabling EMV debit card transactions, reducing the need for retailers to carry multiple terminals.