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May 13, 2014updated 04 Apr 2017 4:07pm

Apple plans in-store mPOS service overhaul

Electronics and software giant Apple is planning an overhaul aimed at enhancing its in-store mPOS service equipping it with a new iPhone and VeriFone-made shell combo system to accept chip and PIN card payments.

By Verdict Staff

Electronics and software giant Apple is planning an overhaul aimed at enhancing its in-store mPOS service equipping it with a new iPhone and VeriFone-made shell combo system to accept chip and PIN card payments.

The electronics firm currently employs the EasyPay mPOS technology across its retail network that was launched earlier in 2009, It comprises an iPod Touch and a shell made by Infinite Peripherals with a card swiper and a barcode scanner.

As a part of its refurbishment plan, Apple is keen to replace iPod with an iPhone, besides introducing a new shell by VeriFone to accommodate chip and PIN payments, reported Finextra citing 9to5mac.

Meanwhile, VeriFone’s shell has a spot above the PIN pad to cater to NFC contactless payments, the news agency reported citing Forbes.

The latest developments affirm the US markets’ transition to EMV, a global standard for inter-operation of IC cards featuring three global payments players – Europay, MasterCard and Visa.

 

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