BWI: Ingenico and MRL PosNET Launch India’s first Line Encryption Solution

Press release from Business Wire India
Source: Ingenico
Monday, March 07, 2011 03:00 PM IST (09:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Technology
--------------------------------------------------
Ingenico and MRL PosNET Launch India's first Line Encryption Solution


New Delhi, Delhi, India, Monday, March 07, 2011 -- (Business Wire India) -- Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, joined hands with MRL PosNET, a leading Indian merchant services company, for successfully launching India's first Line Encryption solution on a POS Terminal. This novel effort is aimed at delivering a secure, innovative, efficient and light-weight POS application that can encrypt POS messages across different communication channels such as DSL broadband, Cable modem broad band, Data enabled GPRS SIM or Data enabled CMDA fixed wireless phones. MRL PosNET plans to rollout 25.000 POS terminals with Ingenico during 2011 using this unique solution thus offering the technological advantage for the benefit of Indian Merchants and POS acquirers.

MRL PoSNET's Bangalore based POS Centre of Excellence developed this solution - SecureNET - providing a critical and timely value-add for both Merchants and Acquirers. SecureNET gives the merchant flexibility by allowing them to transact using any open network infrastructure. The solution is agnostic to both communication mediums as well as telecom or broadband service providers. For merchants on dial-up connection, this solution offers an array of high speed communication options at a fraction of the cost that they would otherwise have to pay on similar solutions.

Developed on Ingenico platform, this solution encrypts the entire transaction packet from the POS all the way to the Switch using 3DES encryption as well as Visa recommended best practices for key generation, storage, transportation and injection.

"We are proud to have developed and launched SecureNET on Ingenico, a solution we believe will help merchants do transactions in a secure and fast manner while giving them the flexibility to choose their preferred monthly broadband plan enabling them to cut telephony costs. The cooperation and technology leadership of Ingenico was well demonstrated and we are happy to have partnered for this project" said Mr. Kishore Kothapalli, Managing Director of MRL PosNET.

"MRL PosNET Line Encryption solution is true demonstration of technological advancement for providing secure access to merchants and POS acquirers with faster speed. It has also enabled effective control over POS terminals remotely, thus providing application download for version upgrades and parameter modifications securely over broadband line as per new guidelines of Payment organizations. This initiative of Ingenico with MRL PosNET is yet another effort in providing security, speed and convenience at affordable cost for the benefit of merchant acquiring industry" says Mr. Vivek Sagar, CEO of Ingenico International India Pvt Ltd .

For acquirers, MRL SecureNET obviates the need to set up a secure private connection between the merchant location and the switch. With this, an acquirer can offer, for no additional investment, a communication option / service provider preferred by individual merchants.

About MRL PosNET

MRL PosNET, a Pan-India company headquartered in Hyderabad, is in the business of acquiring transactions at merchant establishments by building and operating a POS network. It has currently deployed over 3500 terminals and is on to target to deploy over 25000 terminals in 2011. MRL's terminals are innovative because a regular POS terminal can also be activated to dispense value-added service such as mobile & DTH recharge, among others. A technology driven company, MRL PosNET has a 'POS Centre of Excellence' in Bangalore that develops cutting edge applications for POS terminals that improves life for the merchant establishment.

About Ingenico (Euronext: FR0000125346 - ING)

Ingenico is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,000 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. More information on www.ingenico.com.


CONTACT DETAILS
Heena Kapoor, Mutual PR, +91 8860898280, heena@mutualpr.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com