MOBI724 Global Solutions inc. Announces Completion of System Integration Test Certification for Local EMV Debit Cards in the Philippines

Mobi724 Global Solutions (:CSE:MOS) has announced that through its subsidiary, Mobi724 Asia, that its transaction witch host completed the System Integration Certification with the local debit EMV schemes in the Philippines.
As quoted in the press release:

 This first certification step successfully confirmed the host connectivity, security, EMV transaction capability and settlement of MOBI724’s solution. This is the first step of a complete process involving MOBI724’s technology. Subsequent steps, which are normally completed in days, are expected to commence next week and will involve a third-party Point-of-Sale (“POS”) provider. The certification is on behalf of local clients in the Philippines who will use MOBI724 solutions to roll out a full EMV solution.
“Today we are proud to confirm our ability to process EMV transactions via our transaction switch host. This certification also confirms the flexibility of our solutions as they can be adapted so as to process local debit transactions in foreign markets” says Marcel Vienneau, CEO, Mobi724. “The next certification step is expected to commence next week with a POS manufacturer. Once completed, we will deploy our EMV end-to-end hosted solution in the Philippines with existing clients that require this certification.”

Click here to read the full press release.