View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 3, 2005

Lipman receives Visa approval for its multifunction POS terminal

Lipman Electronic Engineering has reported that its NURIT 8100 secure multifunction point-of-sale terminals have received Visa PED Class B PIN entry security approval for online debit and offline smart card transactions.

By CBR Staff Writer

Class B approval addresses the market need for flexibility by allowing banks to install their own or third party payment and value-added applications, such as loyalty programs, without the need for individual applications to undergo costly, time-consuming laboratory inspection prior to deployment at merchant locations.

The NURIT 8100 is the only fully programmable all-in-one terminal listed by Visa International as meeting the Class B requirements. Until now, the lack of Class B terminals has limited the ability of banks to offer the added value of a multifunction terminal while effectively combating fraud with Visa-approved security solutions.

Additionally, the company’s NURIT 8000 and NURIT 8320 point-of-sale (POS) terminals and NURIT 292 PIN pad have received Visa PED offline approval. These new approvals complement existing Visa PED online approvals for these devices and for the NURIT 222 online PIN pad.

Lazy Yanay, corporate vice president of sales and marketing of Lipman, said, Fraud control continues to be a major focus of the payment industry throughout the world. The NURIT 8100 was introduced earlier this year in response to market demand to offer merchants new applications at the point-of-sale, while increasing the level of transaction security.

Yanay added, We believe that this Visa PED Class B approval, combined with the multifunctional nature of the NURIT 8100, enables Lipman to provide real-world solutions to the growing problem of global payment card fraud, while allowing banks to deploy terminals with the wide range of features and applications that their customers demand.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.