sQuidcard, the eMoney operator, received the award from Gemalto
e-Payments Terminals for “the innovative design and features of sQuid,
deployed on a Gemalto terminal” at Gemalto’s international Partner event
held during the recent international Cartes exhibition in Paris.
The award by Gemalto was for sQuid’s end-to-end eMoney service,
encompassing contactless cards, retailer terminal application, and
online customer experience.
Speaking at the event, Michel Leger, senior vice president e-payment at
Gemalto, said “This award recognises sQuid’s capacity for payment
innovation utilising the MagIC³’s contactless USB, IP and Linux
programming environment. sQuid stands out for its contactless payment
service, which operates independently of the bank schemes. Gemalto
believes its approach to small value contactless transactions in the
retail environment will have significant appeal to both consumers and
merchants alike.’
Adam Smith, Managing Director of sQuidcard, said: “sQuid provides
customers with an easy replacement for cash. The bank schemes have not
had much impact, and the cost of credit cards for customers and
merchants continues to be a big issue. sQuid is free for customers and
low cost for retailers. By deploying our technology on platforms such as
Gemalto, we make life easier still for retailers.”
The sQuid service is based around a smartcard used for contactless
payment. Anyone can have a free card, which the customer tops-up, using
it at enabled retailers. sQuid launched in the summer in Bolton and is
expanding into Scotland this year.
sQuid is currently available on the magIC3 range of Gemalto payment
terminals, which provides an integrated platform for both bank schemes
and independent schemes such as sQuid.
About sQuidcard
sQuid eMoney is the alternative to the debit and credit card networks
for sub £10 contactless transactions.
sQuid has a multi-purse capability and is compatible with ITSO (transit)
schemes. sQuid operates enhanced security between the card, the terminal
and the payments engine, and allows additional functions to be delivered
to the card holder and the retailer.
About Gemalto
Our activities range from the development of software applications
through the design and production of secure personal devices such as
smart cards, SIMs, e-passports and tokens.
More than 1 billion people worldwide use our products and services for
telecommunications, financial services, e-government, identity and
access management, multimedia content, digital rights management, IT
security, mass transit and many other applications.