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Powertranz announces new payment solution

Eldred F. Garcia, senior vice-president of new business and partner development, Powertranz (Photograph supplied)

Powertranz, sister company to First Atlantic Commerce, has jointly launched with Miura Systems, a unique, semi-integrated payment solution in the Caribbean and Central America.

First Atlantic is a leading, online payment gateway and fraud management solutions provider in the region, founded and headquartered in Bermuda since 1998.

Powertranz is a leader in “card present” gateway and payment processing in the Caribbean.

Miura Systems is a global payment technology leader and mobile point-of-sale pioneer.

Miura’s compact M010 EMV mobile and in-store payments device for chip-and-pin and contactless acceptance is now certified on the Powertranz payment gateway platform in 21 countries across the Caribbean and Central America, including the Jets debit network in Jamaica and Linx in Trinidad & Tobago.

The M010 mPOS device provides flexibility and scalability for merchants and their customers.

Linking to smartphones and tablets with Bluetooth connectivity, the M010 enables swipe, dip or tap mobile payments, including Apple Pay and Google Pay.

It also connects to point-of-sale systems for in-store countertop and line busting applications, easily integrating with existing systems and applications across all retail locations.

Powertranz is a fully equipped payment platform featuring PCI Validated Point to Point encryption via its partnership with Bluefin Payment Systems. P2PE is the PCI Council’s standard for end-to-end encryption.

Eldred Garcia, senior vice-president of new business and partner development for Powertranz, commented: “Our new semi-integrated solution increases security, significantly reduces Payment Card Industry Data Security Standard compliance requirements and improves time to market because it is already certified for transaction processing.

“We are pleased to partner with Miura to bring the power and flexibility of the M010 device to the Caribbean and Central American markets.”

Fred Nelson, Miura’s vice-president of channel development, said: “Miura is thrilled to partner with Powertranz to offer a versatile, secure, and affordable semi-integrated payment solution to businesses in the Caribbean and Central America. The Powertranz gateway combined with our M010 payments terminal is a winning combination.”

Miura said its compact and versatile payment solutions have been powering consumer engagement in key markets across Asia Pacific, Europe, Middle East and Africa, as well as in the Americas.

Driving mobile acceptance since 2008, it has deployed more than three million devices to over 30 countries.

The company partners with acquirers, payment service providers, processors, systems integrators and independent software vendors to deliver feature-rich payment solutions for use in any acceptance environment.

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Published September 14, 2023 at 4:00 pm (Updated September 14, 2023 at 1:51 pm)

Powertranz announces new payment solution

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