A new global standard for retail payments designed to help exchange data between payment terminals and POS terminals and support new payment technologies has been released by the Association for Retail Technology Standards (ARTS) and EPASOrg, which sets card payment standards in Europe.
The standard – called the ARTS-EPAS Retailer Payment Protocol – was developed to accommodate changes in payment forms such as mobile payments, EMV (Europay, MasterCard and Visa) chips, contactless cards and prepaid instruments, said Tim Hood, SAP’s chief solution architect for retail, during a presentation yesterday at the National Retail Federation’s Annual Convention & Expo held here. ARTS is the NRF’s technology standards division.
The specifications for the standard will be available for free beginning in the first quarter of 2012.
The ARTS-EPAS Retailer Payment Protocol will be based on state-of-the-art technologies, such as XML, to ensure interoperability between different sale environments, and was developed by a team of experts from Europe, Canada and the United States.
Source: Supermarket News
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