Moneris Solutions, a Canada-based payment processing solutions provider, has rolled out a new PAYD PRO debit-enabled mobile payment solution that uses chip & PIN technology for payments process.
The new mobile payment solution will expand its small business payment offerings, allowing merchants to accept debit and credit card payments on the go through chip and PIN, magstripe or contactless technology using their smartphone device anytime, anywhere.
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PAYD PRO will offer a suite of mCommerce management tools to meet the growing needs of Moneris’ small business merchants, including the ability to track all transactions from their mobile device and send receipts through email.
Available from February 2014, the new solution will encrypt card data at the time of transaction and allow merchants to securely and easily access their transactions, accounts and history.
Additionally, the portable device leverages Bluetooth encryption to provide a secure connection, while prohibiting unauthorised devices from accessing the tool and the information channelled through it.
Moneris chief sales and marketing officer, Jeff Guthrie, said: "At Moneris, we are proud to be the first payment processor in Canada to empower small business owners with the ability to process debit card transactions anywhere they do business.
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By GlobalData"We are committed to bringing innovative, effective and secure solutions to merchants of all sizes, including smaller service providers, such as artisans, photographers, personal trainers and contractors."
