American payments processor TransNational Payments has unveiled a new payment API called Pi, signifying perfect integration, to help developers and software vendors navigate the switch to the EMV standard.
The new solution, developed using JSON, enables users to access a “Simple Quick Dip EMV Solution” in one integration.
Pi APi stores all terminal transactions in the gateway. It also eases the setup process by phasing out the requirement for counter-top and mobile devices to navigate around a firewall.
Moreover, the new solution leverages machine learning algorithms to detect suspicious transactions.
TransNational Payments president Jae Haas said: “Business owners and software vendors were put in a tough position when the EMV liability shift came into play, unfortunately card networks didn’t fully understand the aftermath from an integrator perspective. Business owners were expected to adhere to these new rules and now weren’t protected if there was a dispute if they did not dip the card versus swipe the card.
“It has become extremely difficult for developers to make the transition from card swipe to chip methods, the technical labyrinth you have to navigate takes extensive coding hours and a structural renegotiation, this has been a huge point of frustration.”