Elavon, a global payments provider has introduced Elavon
MobileMerchant, a payment solution transforming mobile devices into
payment terminals.
The subsidiary of U.S. Bancorp said the
initiative will allow SMEs to accept payments quickly and securely
anywhere and at anytime.
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The app is downloaded onto the merchant’s
smartphone while a Bluetooth-connected Chip and PIN device securely
captures and encrypts card data, so that information is not stored
on the device.
The scheme is targeted at SMEs on the go, as
it combines the ease of using a mobile phone for payments, with
affordable, easy-to understand rate programmes, the company
said.
“[Elavon MobileMerchant] delivers a convenient
and secure solution that makes payment processing accessible to a
new class of customers,” said Simon Haslam, president of
International Markets at Elavon.
This UK based venture comes after Elavon
released a solution turning smartphones and tablets into mobile
payment acceptance devices – VirtualMerchant Mobile – in North
America.
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By GlobalDataThe programme is scheduled for full production
availability in March 2012 with the pilot scheme currently in
motion.
