In this blog we are going to learn about Worldnet, a global leader in omni-channel payment solutions, has introduced GoChipNow, a groundbreaking product designed to simplify and accelerate the migration of virtual terminal merchants from magnetic stripe (mag stripe) to chip-enabled EMV payments. This plug-and-play solution offers a seamless transition, enabling users to effortlessly upgrade their payment hardware and start accepting EMV payments through a browser-based virtual terminal without the need for complex software installations or costly hardware investments. With the added advantage of Quickchip technology, GoChipNow ensures swift and secure EMV transactions, reducing fraud risks and chargeback liabilities while accommodating all major card types. Partnering with ID TECH, a renowned payment hardware manufacturer, Worldnet has created a cost-effective and efficient solution that addresses the challenges associated with EMV compliance for virtual terminal merchants.
New solution delivers a super-fast EMV solution to allow merchants to easily and affordably migrate from mag stripe to chip payments DUBLIN & ATLANTA–(BUSINESS WIRE)–Worldnet, a leading international provider of omni-channel payment solutions, has introduced GoChipNow, a plug and play solution for virtual terminal merchants who want to upgrade to EMV.
The GoChipNow Solution makes it simple for anyone who previously purchased any magnetic stripe reader (MSR) devices to upgrade to chip-enabled EMV. The solution provides a plug and play process that is as simple as unplugging the MSR device and plugging in the EMV device. Users can then log into the Worldnet browser-based virtual terminal to start accepting EMV payments without having to install and upgrade software or purchase expensive hardware.
For many merchants, the biggest obstacle to moving from mag stripe payment terminals to the more secure EMV solutions has been the cost and hassle of buying and installing new hardware, said John Clarke, Co-founder and Head of Product Innovation. GoChipNow takes that pain away with a Plug and play solution to easily make the shift to EMV compliance.
The device is also backed by Quickchip technology that creates a super-fast, seamless and secure EMV transaction in just one second. GoChipNow is an inexpensive solution that results in less fraud, lower chargeback liability and acceptance of all major card types without a need for a complex POS (point of sale) terminal solution.
Worldnet have partnered with ID TECH, a leading designer and manufacturer of a wide range of payment hardware to incorporate GoChipNow into ID TECHs line of Augusta devices, including the August S (SRED) for merchants who require P2PE validated solutions.
At ID TECH we pride ourselves in delivering the most secure, quick and cost-effective hardware solutions, said Bill Rorick, VP of Business Development at ID TECH. With our hardware and Worldnets advanced software technology, we now provide a low-cost, plug and play device to deliver a robust EMV solution to virtual terminal merchants. It is one of the smartest and fastest Quickchip solutions on the market.
About Worldnet TPS Ltd.
Worldnet is a leading provider of enterprise grade Omni-channel Payment Platform solutions to an established base of international corporate clients in North America and Europe. Worldnet provides Gateway Partners, ISVs and POS hardware providers with a secure, fully-hosted, Payments as a Service solution, incorporating a wide range of pre-certified Chip-enabled applications for POS, mPOS, mobile and tablet-based payments.
About Ambimat Electronics:
With design experience of close to 4 decades of excellence, world-class talent, and innovative breakthroughs, Ambimat Electronics is a single-stop solution enabler to Leading PSUs, private sector companies, and start-ups to deliver design capabilities and develop manufacturing capabilities in various industries and markets. AmbiIoT design services have helped develop Smartwatches, Smart homes, Medicals, Robotics, Retail, Pubs and brewery, Security.
Ambimat Electronics has come a long way to become one of India’s leading IoT(Internet of things) product designers and manufacturers today. We present below some of our solutions that can be implemented and parameterized according to specific business needs. AmbiPay, AmbiPower, AmbiCon, AmbiSecure, AmbiSense, AmbiAutomation.