November 2, 2015
TROY, Mich., Nov. 2, 2015 - North American Bancard (NAB), one of the nation’s leading merchant services companies and owner of the Velocity front-end gateway, has announced a partnership with Poynt™, the creator of the Smart Terminal. Poynt's Smart Terminal is the industry’s first open PCI PTS and EMV-certified ready-to-use device. Through this partnership, Poynt is utilizing Velocity as the gateway to securely process credit card transactions and NAB is piloting the Poynt terminal solution with its merchant community.
“By utilizing our NAB Velocity gateway, Poynt provides our agents with the latest in contactless payments and point-of-sale technology, with a plug-and-play system designed with the needs of merchants in mind,” said Yasser Abou-Nasr, senior vice president of commerce services for North American Bancard. “The partnership with Poynt not only offers merchants seamless integration, but a system that is easily configured for a variety of businesses.”Before joining Valassis, Parkinson spent 24 years at Sun Microsystems in a variety of positions including senior vice president of cloud computing engineering and director of partner sales-East Coast. While at Sun, he was part of the team that built the world’s first utility computing platform that led to the introduction of cloud technology. During his time at Sun, Parkinson also led many different teams, including the Sun developer network, developer products and productivity products and solution delivery.
Combining the unlimited versatility of a full-featured countertop terminal with a mobile device, the Poynt Smart Terminal accepts all forms of payment, including NFC and other contactless payments. It also provides insights and tools designed to help merchants better understand their business’ trends and plan for the future.
“We strive to give our partners the tools to be a part of a new connected commerce era,” said Poynt founder and CEO, Osama Bedier, former head of Google Wallet and long-time PayPal senior executive. “We are excited about the possibilities that the Poynt Smart Terminal will create for our partners and their merchants, and help redefine what it means to do business in the new connected commerce era.”
About NAB Velocity
NAB Velocity, based in Denver CO, provides single integration access to a wide array of payment services available from an ecosystem of world-class payment service providers. Services include credit and debit card processing, ACH processing, and gift/loyalty card programs. NAB Velocity is wholly owned by North American Bancard, a leading industry partner which has over 20 years of experience and knowledge of servicing merchants, enabling agents and supporting partners. For more information, visit http://www.nabvelocity.com/.
Poynt has reimagined the payment terminal as a smart, multipurpose device. With the Smart Terminal and PoyntOS, Poynt helps any business access incredible technology at an affordable price. Founded in 2013 by Google and PayPal veteran Osama Bedier, Poynt is headquartered in Palo Alto, California and is backed by Matrix Partners, Oak HC/FT Partners, Stanford-StartX Fund, Webb Investment Network, Nyca Partners, Google Ventures and other individual investors. Find out more at http://www.poynt.com.