Orpak signs partnership agreement with Ingenico
12 Gennaio 2010 - 6:46PM
RNS Non-Regulatory
TIDMORPK
Orpak Systems Ltd
12 January 2010
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12 January 2010
Orpak Systems Ltd
("Orpak" or "the Company")
Orpak signs partnership agreement with Ingenico
Orpak Systems Ltd, the leading provider of card-free secure fuel payment systems
based on vehicle identification and end-to-end solutions for the automation of
fuel stations, announces that the Company and its wholly-owned subsidiary, Orpak
USA Inc., have signed a partnership agreement with Ingenico, the leading
provider of payment solutions, to distribute an affordable and secure unattended
outdoor payment terminal for petro merchants and retail operations.
Orpak will provide the terminal using Ingenico's secured operating system,
making it one of the most secure and cost-effective ruggedized payment devices
available today. Ingenico is the preferred distributor for the new terminal
across North America.
Responding to the rising costs of fraud and the demand for a higher degree of
transaction security, payment card companies are pushing North American gas
station and convenience store owners to adopt PCI-PED-approved and EMV-capable
unattended payment terminals.
"Orpak is an excellent partner for developing and manufacturing a specialized
terminal for petro merchants because of their deep expertise in the global petro
industry. They have over 44,000 terminals installed in more than 30 countries,"
said Christopher Justice, president of Ingenico, North America. "Petro merchants
absolutely need secure solutions for their forecourt, but they also need the
same kind of speed, accuracy and customer experience at the pump that we already
deliver inside their convenience stores. By working with Orpak, we can meet
customers' demand for a secure alternative to current legacy systems."
"We are delighted to partner with Ingenico, who is the Number 1 provider to U.S.
retailers and the Number 1 supplier for Canada, on this effort," said Shlomo
Slotwiner, president of Orpak USA. "By combining Ingenico's state-of-the-art
security systems with our pay at the pump technology, we will create a
market-beating solution for gas stations across the region. What's more, this
agreement has unlimited potential for other unattended payment installations
such as ticketing kiosks, retail and quick service restaurant drive-thru's, and
paid parking lots - wherever retailers need to be available to customers around
the clock in an outdoor environment."
The first new terminal to be produced in this agreement, the i9870UPT, accepts
EMV, contactless and magnetic swipe cards and easily integrates into current
fuel pump configurations. Using tripleDES technology, these are the most secure
devices available and are certified for the latest payment security standards:
EMV L1 & L2 and PCI-PED approved.
Major benefits:
* Reduce risk of PCI-compliance fines and penalties
* Reduce brand damage associated with security violations
* Improved deployment of services to the pump and increased functionality of the
device
* Compliments the enterprise solution as the same application runs in the store
and on the pump
* Front loading paper eliminates vulnerabilities
The co-branded petro payment terminals are flexible and available in modular
forms to allow for a variety of installation options either in the pump
dispenser, next to the dispenser, or in standalone mode. The payment terminal
will provide a cost-effective alternative solution to existing pay at the pump
payment and other open-air retail options.
"Feedback from current evaluations at several leading retailers has been
positive," Justice said, noting that petroleum and retail customers are
remaining focused on security mandates from the Card Associations.
Enquiries
Orpak Systems Ltd
Hayim Kohen, CEO +972 3 577 6868
Hemi Shtral, CFO
Libertas Capital
Sandy Jamieson +44 20 7569 9650
Corfin Communications
Harry Chathli, Claire Norbury +44 20 7977 0020
About Orpak
Orpak develops, manufactures and markets end-to-end solutions for the automation
of fuel stations and fleet management. Orpak is a market leader in automated
refueling systems that incorporate fuel payment based on vehicle identification.
Using advanced technologies to meet customer requirements, Orpak's solutions
integrate forecourt automation and management, convenience-store management
systems, commercial and retail sales solutions, and fuel delivery systems. The
Company's solutions are designed to benefit customers through enabling fuel
savings, preventing fuel fraud, maximizing loyalty programs and providing other
advanced services that increase profitability.
The Company's products have been delivered to more than 11,250 fuel stations and
2.5 million vehicles in 30 countries across the globe and are distributed
through an international network of subsidiaries and partners.
Orpak has been ISO-9001 certified since 1995, and the Company's products meet
appropriate local safety standards and regulations in markets in which it
operates.
Orpak (AIM: ORPK) was admitted to AIM in December 2005.
About Ingenico
Ingenico (Euronext: FR0000125346 - ING) is a leading provider of payment
solutions, with over 15 million terminals deployed in more than 125 countries.
Its 2,800 employees worldwide support retailers, banks and service providers to
optimize and secure their electronic payments solutions, develop their offer of
services and increase their point of sales revenue. Ingenico generated pro-forma
revenue of USD 1.2 billion in 2008. Ingenico is ISO-9001 certified. More
information on www.ingenico.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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