US Bancorp’s acquiring arm Elavon has
rolled out MobileMerchant, a device that is able to transform
mobiles into terminals.
MobileMerchant is currently running a
number of pilots in the UK and full production availability is
scheduled for March.
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As with similar products, the merchant
downloads an app onto their smartphone. No payment information is
stored on the smartphone, however. Instead, a bluetooth connected
chip-and-PIN device captures and encrypts the data.
The launch of the MobileMerchant for the UK
market follows on from the release of VirtualMerchant in North
America last year. VirtualMerchant is a solution that enables
mobile payment acceptance on mobile devices.
Once the transaction is done, the customer
receives the receipt via email or text message. Elavon said that
the service meets all the UK banking standards.
MobileMerchant is designed to satisfy the
needs of SMEs ‘on the go’, such as trades people, repair or
delivery companies and personal services professionals such as
beauticians or photographers.
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By GlobalDataElavon’s president of international
markets, Simon Haslam, said that they were setting a secure
solution in motion to make payment processing accessible to a new
class of customers.
But Haslam also emphasised that
Elavon targets “all business, regardless of type, size or
acceptance environment”.
So far MobileMerchant operates with
Blackberry and Android operating systems.
