IVI Ingenico Inc., the Latin American joint venture of International Verifact Inc. of Canada and Groupe Ingenico of France, reported receiving an order exceeding $1 million for smart-card- ready payment terminals.

The Ingenico Elite 500 terminals are to be deployed by Itron of Argentina to authorize and process transactions in doctors' offices, pharmacies, clinics, and hospitals.

The system will be based initially on magnetic stripe technology but was chosen in part because it "provides us with a built-in smart card platform to migrate to (with) no additional investment in hardware," said Itron vice president Gabriel Simsic.

"Their Unicapt operating environment will allow us to write and maintain our own applications, while providing us with the security and flexibility that we will need in managing different applications in the future," he said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.