Tee-On Golf System Inc.’s announced partnership earlier this week with Yespay International Ltd. will enable Canadian golf courses using Tee-On’s tee-time booking software to accept EMV chip-and-PIN payment cards, according to London-based Yespay.
Toronto-based Tee-On Golf System has integrated Yespay’s Emboss managed-payment service into payment systems using its software. Through Emboss, merchants using Tee-On’s service may process all EMV chip-and-PIN credit and debit cards carrying the brand marks of Visa Inc., MasterCard Worldwide (and Maestro), Interac, American Express Co. and Diners Club International, a Yespay spokesperson tells PaymentsSource.
Yespay’s Emboss platform in May became Canada’s first EMV chip-and-PIN card-acceptance service fully certified by Chase Paymentech Solutions LLC (
Emboss is designed to enable merchants to integrate credit and debit payments for online or in-store transactions by managing the authorization routing and settlement of EMV credit and debit transactions between the merchant and the card-acquiring network.
Emboss also includes other payment products called EasyV-Retail and EasyV-Internet. EasyV-Retail is a free, generic EMV preaccredited card-payment service that enables merchants to process EMV and magnetic stripe card payments via their point-of-sale systems. EasyV-Internet enables merchants to process payments through their online stores, the spokesperson says.
Yespay charges merchants using Emboss a single set-up fee per payment system. The typical set-up fee costs about $72, the spokesperson notes. Merchants also pay a fixed monthly fee, usually between $26 and $35, per point-of-sale system or website instead of per click or individual transaction, she explains.
The monthly fee also includes a 24-hour help and support desk and online reporting from the Emboss data centers. Yespay does not charge for a software license or maintenance, the spokesperson notes.
Yespay also partners with point-of-sale vendors so they may offer their merchants a fully integrated and managed EMV payment service, the spokesperson says. Each vendor receives a free tool kit and access to Yespay’s support, and Yespay will integrate the terminals with Emboss in less than a month, she adds.
EMV payment acceptance is especially beneficial to merchants because it “brings another level to fraud,” Julie Conroy McNelley, an analyst with Boston-based Aite Group LLC, tells PaymentsSource. Requiring a PIN makes it more difficult for fraudsters to use stolen credit cards both online and in-person, she says.
In fact, the main driver behind Canada’s push toward EMV was because once Europe switched to the EMV standard, Canada saw an increase in fraud, McNelley explains, noting each time a country moves to EMV, fraudsters migrate to places that do not have it.
“After Europe implemented it, Canada saw a rise in payment card fraud and decided to do something about it,” McNelley says.
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