Cypress, Calif.—Sept. 22, 2014—ID TECH, a manufacturer of secure payment solutions, mobile payment, point of sale (POS) and digital signage, announced its third mobile solution, UniPay, to be included in the Visa Ready Program.
The UniPay is a compact MagStripe, and EuroPay, MasterCard, Visa (EMV) Smart Card mobile reader that can transform any mobile device into a POS system by connecting through the audio jack port. As the deadline for EMV approaches in the U.S. and with the establishment of EMV in many other countries, ID TECH’s UniPay gives merchants the ability to accept a variety of payments securely and conveniently.
“Staying at the forefront of the mobile payment space, ID TECH is proud to achieve its third Visa Ready mobile product. With EMV deployments accelerating in the U.S. market, UniPay is the perfect product for a cost-effective chip and signature solution,” stated Eric Lecesne, chief operating officer and vice president of products at ID TECH.
The UniPay is EMV Level 1-approved, and uses derived unique key per transaction (DUKPT) key management with triple data encryption standard (TDES) and advanced encryption standard (AES) encryption algorithms to ensure consumers’ financial information is protected while being transmitted to the host device. Its compact design features a convenient USB port for charging and personal computer (PC) communication.