DUBLIN & ATLANTA--(BUSINESS WIRE)--Aug 27, 2018--Worldnet, a leading international provider of omni-channel payment solutions, has introduced GoChipNow, a “plug and play” solution for virtual terminal merchants who want to upgrade to EMV®.

The GoChipNow Solution makes it simple for anyone who previously purchased any magnetic stripe reader (MSR) devices to upgrade to chip-enabled EMV®. The solution provides a “plug and play” process that is as simple as unplugging the MSR device and plugging in the EMV® device. Users can then log into the Worldnet browser-based virtual terminal to start accepting EMV® payments without having to install and upgrade software or purchase expensive hardware.

“For many merchants, the biggest obstacle to moving from mag stripe payment terminals to the more secure EMV solutions has been the cost and hassle of buying and installing new hardware,” said John Clarke, Co-founder and Head of Product Innovation. “GoChipNow takes that pain away with a ‘Plug and play’ solution to easily make the shift to EMV compliance.”

The device is also backed by Quickchip technology that creates a super-fast, seamless and secure EMV® transaction in just one second. GoChipNow is an inexpensive solution that results in less fraud, lower chargeback liability and acceptance of all major card types without a need for a complex POS (point of sale) terminal solution.

Worldnet have partnered with ID TECH, a leading designer and manufacturer of a wide range of payment hardware to incorporate GoChipNow into ID TECH’s line of Augusta devices, including the August S (SRED) for merchants who require P2PE validated solutions.

“At ID TECH we pride ourselves in delivering the most secure, quick and cost-effective hardware solutions,” said Bill Rorick, VP of Business Development at ID TECH. “With our hardware and Worldnet’s advanced software technology, we now provide a low-cost, plug and play device to deliver a robust EMV® solution to virtual terminal merchants. It is one of the smartest and fastest Quickchip solutions on the market.”

About Worldnet TPS Ltd.

Worldnet is a leading provider of enterprise grade Omni-channel Payment Platform solutions to an established base of international corporate clients in North America and Europe. Worldnet provides Gateway Partners, ISVs and POS hardware providers with a secure, fully-hosted, “Payments as a Service” solution, incorporating a wide range of pre-certified Chip-enabled applications for POS, mPOS, mobile and tablet-based payments.

For more information, visit: https://info.worldnettps.com/gochipnow

email: Partners@worldnettps.com or call: +1 470 372 1601

About ID TECH:

ID TECH is a world-recognized leader in the design and manufacture of secure payment solutions, ranging from PCI-certified PIN-entry devices, state-of-the-art contactless/NFC payment devices to EMV and Magstripe readers. For more than 30 years, ID TECH has built a reputation based on technical excellence, innovation, and a commitment to superior customer service. Headquartered in Cypress, California, USA (with additional engineering centers in Fremont, California, Shanghai, China and Taoyuan City, Taiwan), ID TECH is an industry leader in delivering payment solutions across the globe.

For more information about ID TECH, please call 1-800-984-1010 or visit  www.idtechproducts.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180827005090/en/

CONTACT: For Worldnet TPS Ltd.

Haleigh Tomasek, 678-781-7208

haleigh@williammills.com

or

David Jones, 678-781-7238

david@williammills.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA GEORGIA IRELAND

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE SOFTWARE SECURITY PROFESSIONAL SERVICES FINANCE

SOURCE: Worldnet TPS Ltd.

Copyright Business Wire 2018.

PUB: 08/27/2018 07:35 AM/DISC: 08/27/2018 07:35 AM

http://www.businesswire.com/news/home/20180827005090/en