SIBS Certification for PAX Terminals in Portugal

London, (UK), 24th June 2014

PAX Technology, a leading global provider of secure electronic payment terminals, and PETROTEC, a reputable payments systems integrator, have announced the successful passing of SIBS certification in Portugal for the S800 countertop and S900 wireless Point of Sale (POS) terminal models.

Mr. Mark O’Flynn, Regional Sales Director at PAX, said: “This is another major milestone for PAX in Europe and in line with our global growth strategy, as the SIBS certification comes close on the heels of UK Cards Common Criteria approval in the UK and CB2 certification in Italy.”

The E-payment Terminal software solution developed by PETROTEC is one of the first to support SIBS’s so-called version 60, which includes Dynamic Currency Conversion, Petroleum applications and MB-Spot value added functionalities. PETROTEC’s MagicPOS suite integrated on PAX terminals enables merchants to simultaneously issue tax invoices and file monthly SAF-T tax returns.

Mr. Ricardo Constantino, R&D Manager at PETROTEC, said: “Portuguese banks and merchants can now avail of a new and innovative POS offering.” He added: “We have been very impressed with the superior quality of PAX terminals and the strong levels of technical support received.”
Mr. Andrew Wu, President for the EMEA Region at PAX, concluded: “PETROTEC is one of the most knowledgeable payment system integrators in Europe today, we thank them for their hard work and look forward to many years of future collaboration.”

Petrotec Sistemas de Pagamento, S.A. – Gestão Electrónica de Cartões – is the payment division of the multinational Petrotec Group, a company operating throughout Europe, Africa, Asia and South America.

About SIBS (
SIBS FPS (Forward Payment Solutions) is currently one of the largest payment processors in Europe. The Company owns Portugal’s biggest ATM and E-payment Terminal network, with more than 14,000 ATMs and 280,000 E-payment Terminals.

About PAX (
PAX Technology Ltd (“PAX”) is an innovative global provider of electronic payment solutions offering world-class, cost effective and superior quality payment solutions. Building on its service excellence and proven leadership position, PAX is considered one of the fastest growing payment solution providers with world-class manufacturing, R&D capabilities, and a growing sales and channel partner network across the globe.