Equinox Payments (“Equinox”), a leading provider of payment terminals, applications and support services, today announced that its Apollo terminal has been Class-A certified by TSYS (NYSE: TSS), making it the only Class A certified EMV®-capable countertop terminal connected to TSYS that supports the unique needs of the lodging sector.
“Earning the Class-A stamp of approval from TSYS is a great accomplishment,” said Rob Hayhow, vice president, Equinox. “ISOs and agents can offer the modern Apollo terminal to small business hotel and motel operators to help them avoid costly chargebacks related to the EMV liability shift. And even more, they can rest easy knowing the solutions are backed by the outstanding operations and service teams at TSYS.”
According to members of the TSYS Product Team: “We are very pleased to add EMV Lodging to our Class A offering. Clients have eagerly been waiting for an EMV standalone lodging solution. We’re proud to have one of the first lodging applications in the industry to address EMV.”
The EMV liability shift exposes merchants to an increase in chargebacks, which can negatively impact their bottom line. Until now, none of the legacy terminal applications that support lodging functionality were upgraded to support EMV and contactless technology. As a result, many small- and mid-sized hotel operators were left without a viable solution to help manage a folio and track charges throughout a guest’s experience.
The Voyager application that runs on the Apollo terminal is certified to support SHA-2, as well as TSYS Guardian EncryptionSM. The solution supports check-in/check-out functions plus the ability to add charges to a folio such as to dining, gift shop purchases, and parking. Both pre- and post-stay charge and refund transactions can be processed for things like deposits, no shows and incremental items. This solution has been certified to support Visa’s Quick Chip and MasterCard’s M/Chip Fast processing, which allow EMV card entry to be as fast as a swipe.
About TSYS
TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our headquarters are located in Columbus, Ga., U.S.A., with approximately 11,500 team members and local offices spread across 13 countries. TSYS generated revenue of $4.2 billion in 2016, while processing more than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World’s Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.
About Equinox Payments
Brookfield Equinox LLC (dba Equinox Payments) was founded in 2014 as a result of an acquisition of assets from Equinox Payments, LLC. Located in Scottsdale, Arizona, Equinox is looking beyond product features to rethink and reimagine the customer payment experience.
The company is owned by NBS Payment Solutions, based in Toronto, Canada and a leading provider of electronic payment solutions to the financial industry for over 25 years. NBS Payment Solutions is a wholly-owned subsidiary of Brookfield Asset Management, which has over $225 billion of assets under management. Brookfield is listed on the New York (BAM) and Toronto (BAM.A) stock exchanges. For more information about Equinox, visit www.equinoxpayments.com.
EMV is a registered trademark or trademark of EMVCo LLC in the United States and other countries.
