ROSEMONT, Ill. — TransNational Payments, an industry-leading payments technology company, launches a new payment API named Pi, which stands for perfect integration. TransNational Payments’ Pi APi is designed for easy implementation and out-of-the-box payment processing, specifically designed with developers and software vendors in mind.
“There’s no limit to what we can offer with our Pi APi. We can even go as far as offering DDoS mitigation, if necessary,” states John Pitzaferro, CEO TransNational Payments. The Pi APi is a 100% cloud-based solution. Leveraging the power and efficiency of the Pi APi, software applications can process card-present EMV electronic payments in real-time — receiving payment authorizations within 2 to 3 seconds and e-commerce transactions processing under five-hundredths of a second.
This is the first JSON API integration with a Simple Quick Chip EMV Solution included in a single integration — both for countertop and mobile. “Business owners and software vendors were put in a tough position when the EMV liability shift came into play, unfortunately card networks didn’t fully understand the aftermath from an integrator perspective. Business owners were expected to adhere to these new rules and now weren’t protected if there was a dispute if they did not dip the card versus swipe the card. It has become extremely difficult for developers to make the transition from card swipe to chip methods, the technical labyrinth you have to navigate takes extensive coding hours and a structural renegotiation, this has been a huge point of frustration,” said Jae Haas, President at TransNational…
Source: Mobile Tech Today