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One industry consultant contends the Erply device falls in place with vendors’ growing interest in mobile payments.

“It’s a very interesting device, and it has Near Field Communication. But it won’t be the last one with that and, in fact, all of these companies will have to look at devices that offer mag-stripe, contactless and EMV in the future,” Todd Ablowitz, president of Centennial, Colo.-based Double Diamond Group LLC, tells PaymentsSource.

EMV acceptance “is where the U.S. is going,” and Erply has until October of 2015 to provide that, Ablowitz says. “Every upgrade from now on will be based on how ready it is for EMV,” he says.

Payments Source, August 24, 2011