BALTIMORE, Oct. 21, 2015 /PRNewswire/ -- N&TS GROUP (http://www.netsgroup.co/), an EMV-ready payment enabler headquartered in Europe, has expanded to North America with the opening of regional headquarters in Baltimore. Guiding this expansion is Alexander M. Orlando DBA, who serves as managing director in charge of European and North American strategy. N&TS GROUP brings 20 years of experience as a forward-thinking payment solutions enabler to a market in the midst of a dynamic evolution and digital resolution.
As of October 1, 2015, the liability for fraudulent payments made with older, magnetic strip-based cards shifted to merchants. Therefore, North American merchants have a powerful incentive to adopt the new EMV standard for all transactions. EMV cards use an integrated circuit to store and manage transaction data, providing a near-foolproof defense against criminals' efforts to steal card data and otherwise perpetrate fraud.
Making the transition and integration to the EMV standard simpler is part of the mission of N&TS GROUP. Similarly, the reality of the global marketplace poses challenges for enterprises that are best addressed via an integrated and optimized solution for transaction management.
Describing the role the company intends to play in the North American market, Dr Orlando remarked, "N&TS GROUP is addressing the needs depicted in Gartner's Hype Cycle, defined by Gartner as 'a graphical depiction of a common pattern that arises with each new technology or other innovation.' The new EMV regulation, which brings the U.S. up to speed with global standards, has pushed the thinking of merchants and financial institutions to turnkey solutions that allow unified processing from any country, in any currency, from any channel."
N&TS GROUP leverages its many partnerships with global leaders in the payment industry to offer integrated, PCI Level 1 compliant software. The company was the first to develop a certified point-to-point encryption (P2PE) solution for merchants and financial institutions.
The payment solutions enabled by N&TS GROUP offer a bridge from legacy systems and their shortcomings. The company provides a turnkey, modular architecture that businesses and financial institutions can tailor to their specific requirements, adopting only the features they need.
N&TS GROUP's solutions address the most common needs of merchants and banks, including omnichannel integration, globalization solutions, and security and compliance, among others. Taken together, all these features provide better control over cash flow and revenue streams, without the need for clients to dedicate tremendous resources to payment processing or fretting over security issues.
About N&TS GROUP
N&TS GROUP is a leader in the payment processing industry and the first provider in the world to certify its technology for Point-to-Point Encryption (P2PE). N&TS GROUP software solutions leverage more than 20 years of experience in the payment ecosystem with a firm commitment to security and compliance. Today N&TS GROUP is actively managing transactions in card-present and card-not-present environments, in multiple currencies, countries and circuits.
N&TS GROUP is the trusted partner of financial institutions and large enterprises that need to process multi-channel transactions with simplicity and security. N&TS GROUP headquarters are located in Europe and the company has regional headquarters in Milan, London and Baltimore.
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SOURCE N&TS GROUP