Money 20/20 Announcement: Total Merchant Services develops Groovv Terminal One – the smart terminal for today’s SMB
LAS VEGAS, Oct. 26, 2015 /PRNewswire/ — Money 20/20 – Total Merchant Services, a leader in payment services and solutions, today launched Groovv Terminal One – a smart terminal that offers small businesses the ultimate in electronic payment acceptance and flexibility. Available now for purchase on the Apple online store, Groovv Terminal One comes NFC and EMV ready, provides virtually instant activation – a first of its kind for terminals – and easy integration with POS solutions via the Groovv API.
Among the smallest and lightest payment devices, Groovv Terminal One accepts all payment types including Apple Pay and other contactless payments, EMV chip cards and magnetic stripe cards. Groovv Terminal One also leads the industry with its pricing, enabling businesses to receive the terminal for free after a $99 rebate. Total Merchant Services is also offering $20,000 free in transaction fee processing for the first year on payments made with Apple Pay when using Groovv Terminal One, an unprecedented offer.
Security and privacy is at the core of Apple Pay. When you add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.
Groovv’s instant activation enables businesses to plug in the terminal and start accepting payments in minutes. It comes with an affordable payment service with transparent pricing, no term contracts, no minimums and no hidden fees. It’s also backed by Total Merchant Services’ award-winning 24/7 customer service.
“There are so many barriers for an SMB to get EMV ready. With Groovv Terminal One, we remove those barriers by offering merchants a smart terminal that’s easy to use, flexible and affordable, and allows them to offer their customers the security and convenience of Apple Pay as well as other mobile payment services,” said Joe Kaplan, CEO of Total Merchant Services.
“We were also able to create an intuitive user experience – something that merchants will certainly appreciate,” Kaplan continued. “And by enabling EMV chip acceptance, we take the burden of EMV compliance and the liability for credit card fraud off the shoulders of small businesses.”
The Groovv API and semi-integrated architecture makes it fast and affordable for software developers to take advantage of Groovv Terminal One and EMV and NFC acceptance. Integrating a compliant EMV device with a software application can be a long and expensive undertaking due to stringent EMV and PCI requirements. Groovv changes that by encrypting sensitive card data at the terminal, keeping EMV and PCI compliance “out of scope” for POS software and apps. The API is easy to implement and includes a dedicated support team and online tools for the developer.
Representatives from Total Merchant Services will be demonstrating Groovv Terminal One at the Money 20/20 trade show at The Venetian in Las Vegas from October 25 – 28, 2015. They are located at booth K3.
About Total Merchant Services
Founded in 1996, Total Merchant Services has helped more than 500,000 businesses with their payment processing needs and currently processes more than $12 Billion in credit and debit card transactions annually. The company is committed to providing small businesses with easy and affordable payment processing solutions. For more information call: 888-978-0058 or visit: www.totalmerchantservices.com or follow us on our Blog, Twitter, Google+, Facebook, and LinkedIn.
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SOURCE Total Merchant Services
Company – Total Merchant Services
Location: Nevada (GeographyCode)