Ezetap, a Bangalore-based company in the Mobile Point of Sale (mPOS) industry, today announced that it has become the first company from India to attain the EMV-Level 1 Certification for Mobile Point of Sale devices. The company also added that it is in advanced stages of the EMV-Level 2 Certification as well as for meeting the Payment Card Industry’s requirements for PIN entry devices.Founded by Abhijit Bose, Ezetap was initially funded by AngelPrime and then went on to raise a series A from Social+Capital Partnership, Peterl Theil and others.
EMV® is a global standard for credit and debit payment cards based on chip card technology - also known as smart-cards. In order to process these chip cards, EMVCO has defined strict standards for terminals, and a well defined certification process with accredited testing labs. The Level -1 Certification for the hardware device (electrical, mechanical and protocol) and Level-2 Certification for the software are mandatory requirements for any terminal.
The Ezetap solution consists of a lightweight and robust card reader that can be plugged into practically any smart device or feature phone, and turn it into an intelligent point of sale. The end-to-end Ezetap solution is made in India and is compliant with global security guidelines including the Payment Card Industry Data Security Standard (PCIDSS) and the Payment Application Data Security Standard (PADSS), global security standards developed by the Payment Card Industry Security Standards Council.
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