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Wednesday, Mar 04, 2009

Gilbarco, AJB demonstrate Canada’s first live EMV transactions at the pump

GREENSBORO, N.C. - March 4, 2009 - Gilbarco Veeder-Root and AJB Software Design Inc. of Toronto will demonstrate Canada’s first live EuroPay MasterCard Visa (EMV) transactions at the pump. The demonstration will take place March 10 - 11 at the National Energy Equipment (NEE) booth 309, Convenience U CARWACS Show at the Toronto Congress Centre. Gilbarco FlexPay EMV CRIND hardware and software from AJB enable the EMV compliant transactions. EMV compliant transactions reduce the opportunity for fraud, reduce charge-backs to retailers, and provide finer control of “offline” credit card transaction approvals. EMV CRINDs are required at new or rebuild sites by January of 2011 and all Canadian fuel dispensers must be compliant by 2015. “AJB Software Design and Gilbarco have worked in partnership to launch an EMV approved hardware and software solution for Husky Petroleum,” said Naresh Bangia, President of AJB, “this partnership has resulted in the first and only live EMV transaction demonstration at a fuel dispenser.” “Gilbarco’s leadership in payment security allows Canadian retailers to retrofit existing dispensers now with backward-compatible FlexPay CRIND®,” said Scott McDowell, director of marketing, dispenser applications, at Gilbarco Veeder-Root. “Retailers can upgrade to Interac EMV transactions when their POS and networks are ready to accept and process these transactions.” About AJB Software Design AJB Software Design Inc. (AJB) is the leading provider of electronic payment authorization and data delivery solutions serving tier one merchants internationally. We have been involved in payment software for over 15 years operating on all widely deployed platforms. AJB's 135 plus customers include some of the largest retail apparel, grocery, department stores, petroleum, hotels and government institutions. Please visit www.ajbsoftware.com or call 416-621-0296 for more information. For more information on AJB please contact: Aleem Ulla Director Business Development aleem@ajbsoftware.com 416-621-0296

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