Orpak signs partnership agreement with Ingenico

 

TIDMORPK 
 
 
Orpak Systems Ltd 
12 January 2010 
 
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12 January 2010 
 
 
Orpak Systems Ltd 
("Orpak" or "the Company") 
 
 
Orpak signs partnership agreement with Ingenico 
 
 
Orpak Systems Ltd, the leading provider of card-free secure fuel payment systems 
based on vehicle identification and end-to-end solutions for the automation of 
fuel stations, announces that the Company and its wholly-owned subsidiary, Orpak 
USA Inc., have signed a partnership agreement with Ingenico, the leading 
provider of payment solutions, to distribute an affordable and secure unattended 
outdoor payment terminal for petro merchants and retail operations. 
 
 
Orpak will provide the terminal using Ingenico's secured operating system, 
making it one of the most secure and cost-effective ruggedized payment devices 
available today. Ingenico is the preferred distributor for the new terminal 
across North America. 
 
 
Responding to the rising costs of fraud and the demand for a higher degree of 
transaction security, payment card companies are pushing North American gas 
station and convenience store owners to adopt PCI-PED-approved and EMV-capable 
unattended payment terminals. 
 
 
"Orpak is an excellent partner for developing and manufacturing a specialized 
terminal for petro merchants because of their deep expertise in the global petro 
industry. They have over 44,000 terminals installed in more than 30 countries," 
said Christopher Justice, president of Ingenico, North America. "Petro merchants 
absolutely need secure solutions for their forecourt, but they also need the 
same kind of speed, accuracy and customer experience at the pump that we already 
deliver inside their convenience stores. By working with Orpak, we can meet 
customers' demand for a secure alternative to current legacy systems." 
 
 
"We are delighted to partner with Ingenico, who is the Number 1 provider to U.S. 
retailers and the Number 1 supplier for Canada, on this effort," said Shlomo 
Slotwiner, president of Orpak USA. "By combining Ingenico's state-of-the-art 
security systems with our pay at the pump technology, we will create a 
market-beating solution for gas stations across the region. What's more, this 
agreement has unlimited potential for other unattended payment installations 
such as ticketing kiosks, retail and quick service restaurant drive-thru's, and 
paid parking lots - wherever retailers need to be available to customers around 
the clock in an outdoor environment." 
 
 
The first new terminal to be produced in this agreement, the i9870UPT, accepts 
EMV, contactless and magnetic swipe cards and easily integrates into current 
fuel pump configurations. Using tripleDES technology, these are the most secure 
devices available and are certified for the latest payment security standards: 
EMV L1 & L2 and PCI-PED approved. 
 
 
Major benefits: 
  *  Reduce risk of PCI-compliance fines and penalties 
  *  Reduce brand damage associated with security violations 
  *  Improved deployment of services to the pump and increased functionality of the 
  device 
  *  Compliments the enterprise solution as the same application runs in the store 
  and on the pump 
  *  Front loading paper eliminates vulnerabilities 
 
The co-branded petro payment terminals are flexible and available in modular 
forms to allow for a variety of installation options either in the pump 
dispenser, next to the dispenser, or in standalone mode. The payment terminal 
will provide a cost-effective alternative solution to existing pay at the pump 
payment and other open-air retail options. 
 
 
"Feedback from current evaluations at several leading retailers has been 
positive," Justice said, noting that petroleum and retail customers are 
remaining focused on security mandates from the Card Associations. 
 
 
 
 
Enquiries 
Orpak Systems Ltd 
Hayim Kohen, CEO  [phone] 
Hemi Shtral, CFO 
 
 
Libertas Capital 
Sandy Jamieson [phone] 
 
 
Corfin Communications 
Harry Chathli, Claire Norbury  [phone] 
 
 
 
About Orpak 
 
Orpak develops, manufactures and markets end-to-end solutions for the automation 
of fuel stations and fleet management. Orpak is a market leader in automated 
refueling systems that incorporate fuel payment based on vehicle identification. 
Using advanced technologies to meet customer requirements, Orpak's solutions 
integrate forecourt automation and management, convenience-store management 
systems, commercial and retail sales solutions, and fuel delivery systems. The 
Company's solutions are designed to benefit customers through enabling fuel 
savings, preventing fuel fraud, maximizing loyalty programs and providing other 
advanced services that increase profitability. 
 
The Company's products have been delivered to more than 11,250 fuel stations and 
2.5 million vehicles in 30 countries across the globe and are distributed 
through an international network of subsidiaries and partners. 
 
Orpak has been ISO-9001 certified since 1995, and the Company's products meet 
appropriate local safety standards and regulations in markets in which it 
operates. 
 
Orpak (AIM: ORPK) was admitted to AIM in December 2005. 
 
 
About Ingenico 
 
 
Ingenico (Euronext: FR0000125346 - ING) is a leading provider of payment 
solutions, with over 15 million terminals deployed in more than 125 countries. 
Its 2,800 employees worldwide support retailers, banks and service providers to 
optimize and secure their electronic payments solutions, develop their offer of 
services and increase their point of sales revenue. Ingenico generated pro-forma 
revenue of USD 1.2 billion in 2008. Ingenico is ISO-9001 certified. More 
information on www.ingenico.com. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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