BOSTON, Oct. 3, 2017 -- In the rapidly evolving retail environment, it is critical for merchants to stay nimble and have the ability to change their payment processor as business needs dictate. Building on its mission to make payments seamless and flexible for retailers, payments technology company Cayan® has announced its sixth EMV certification with TSYS, a leading global payments provider. With this latest certification, Cayan is now certified with six of the largest merchant processors in the country. With TSYS EMV as part of Cayan's processor-agnostic Genius® Platform, retailers have a competitive edge that allows them to maintain their payment technology while having the flexibility to switch their payment processor as needed - for both online and in-store payments - all streamlined through Cayan's Genius Platform.
"Continuing to certify with all leading processors in the industry is an important way to enable our customers to take advantage of the most innovative technologies in the market, like the (Cayan) Genius platform, without requiring them to switch processors," said Ken Paull, CRO at Cayan.
Along with TSYS, Cayan also has EMV certifications with: Chase, Elavon, First Data, Vantiv, and WorldPay. Adding TSYS to its EMV gateway provides a competitive advantage for Cayan by significantly expanding processing options available to retailers using the Genius Platform.
In addition to providing EMV gateway capabilities, the Cayan Genius Platform is a fully-configurable, cloud-based payment solution that allows merchants to manage the entire customer experience across locations and between channels all while keeping sensitive cardholder data off the POS system. Genius allows merchants to accept all forms of payment, including mobile wallets, and with Genius' ChipIQ™ technology, EMV chip card transactions are processed in just four seconds.
"The payments industry is changing fast, so ensuring that we can work with customers without interrupting their core payment processing activities is critical," said Tim Munto, group executive, TSYS' Merchant Services segment. "Cayan's processor agnostic approach benefits our customers, allowing us to offer payment services without disruption."
Cayan® is a technology company focused on transformative innovations in payments. From simple and reliable payment processing, to fully integrated, multichannel customer engagement platforms, Cayan is continuously developing new ways to unlock the power of payments. Cayan's platforms include their Cayan® Unified Commerce Solution Suite™ and Genius® Platform - both are secure and scalable platforms that are fully configurable, tailored to a business's unique needs and easy to implement. Headquartered in Boston, the company has multiple offices in the United States and Belfast, Northern Ireland. Cayan is one of the world's fastest growing payment companies. For more information, visit www.cayan.com.
TSYS® 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.
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