The Logic Group launches new easy to accredit, integrated Chip & PIN payment processing solution

24th January, Fleet - Secure transaction payment specialist The Logic Group, today announced the introduction of a packaged solution that delivers a quick and easy route to multi-channel, integrated card processing and Chip & PIN acceptance.  The company’s Smart Transaction Processing Service (Smart-TPS), is designed for merchants with between 5 and 100 points of sale. It is a secure packaged service that has low cost of ownership, is easy to deploy and operate and is based on industry leading technology from Europe’s leading payment processing specialist.

For many medium size businesses, the costs and logistics involved in adopting Chip & PIN had previously outweighed the perceived benefits. However, as market acceptance for Chip & PIN has grown and with consumers now expecting to enter their PIN number at the point of sale, these businesses are faced with little choice other than to adopt this technology. The requirement was therefore for a solution that will allow smaller retailers to adopt Chip & PIN with a low capital outlay, without lengthy implementation timescales and with less drain on valuable IT resources. Smart-TPS meets these market needs.

Smart-TPS is a packaged service comprising three key elements; a market-leading PIN pad from Verifone, integration software to run on the POS and The Logic Group’s proven Managed Transaction Service running in two offsite data-centres offering resilience and security to customers. Smart-TPS offers the benefits of an integrated card processing system – such as single key entry, fast transaction times and sophisticated management reporting – with low capital outlay and operating costs. It can be used for processing transactions at the PoS, via telephone or online.  Smart-TPS is available exclusively through The Logic Group’s extensive partner network.

 “The response from our partners has been outstanding,” commented Mark McMurtrie, Director of Marketing for The Logic Group.  “Retailers don’t always have the time or resource to develop and build new IT infrastructures especially when they can exploit our expertise and relationships with the banking community.  In association with our Partners, Smart-TPS offers mid-tier businesses a cost-effective packaged service that can be rolled out with minimal disruption, allowing their own IT staff to concentrate on core business responsibilities.”

About the Logic Group

The Logic Group manages information and transactions securely for large and medium sized businesses across its European home market including all of the UK’s top 10 retailers. The company delivers unrivalled business value to its customers through the secure provision of card processing and IT services consultancy, together with delivering loyalty and insight programmes.

The group has won a number of major awards including the 2005 Queen’s Award for Enterprise for the central role it played in the UKroll-out of EMV Chip & PIN. For more information, see www.the-logic-group.com