Elavon Introduces MobileMerchant for Small Businesses on the Go
January 04 2012 - 4:00AM
Business Wire
Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB)
and a leading global payments provider, has introduced Elavon
MobileMerchant, an innovative, affordable and secure payment
solution that effectively transforms mobile devices into terminals,
allowing small businesses to accept payments quickly and securely
anywhere, anytime. The solution is currently running as part of a
pilot programme in the UK, with full production availability
scheduled for March.
Elavon MobileMerchant combines the ease of using a mobile phone
for payments, with an affordable, easy-to-understand rate
programme, making it the ideal solution for small businesses on the
go. The App is downloaded onto the merchant’s existing smartphone,
and a Bluetooth-connected Chip and PIN device securely captures and
encrypts card data, ensuring that no information is stored in the
smartphone. Receipts are sent to the customer via email or text
message. The solution meets all the current UK banking
requirements, so as to protect both cardholders and merchants from
fraud, abuse and chargebacks.
“Elavon has responded to the call for innovation by delivering 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. “Our goal is to make
payment acceptance easy for all businesses, regardless of type,
size or acceptance environment.”
Many types of mobile businesses such as tradespeople, repair or
delivery companies, market traders and personal service providers,
such as beauticians and photographers, can confidently accept Chip
and PIN payments on their mobile phone, and their customers are no
longer limited to cash on hand. Elavon MobileMerchant currently
operates on Blackberry and Android smartphones and tablets.
In early 2011, Elavon released VirtualMerchant Mobile in North
America. The solution turns smartphones and tablets into mobile
payment acceptance devices and supports card readers that securely
encrypt data before any information is sent to the phone. It runs
on the company’s successful VirtualMerchant hosted payment gateway
solution.
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