Adyen Launches Mobile Chip & PIN Card Acceptance in Europe
Dec. 31, 2012
Earlier this month, Dutch e-commerce processor Adyen launched a mobile card acceptance solution that enables merchants to accept EMV-compliant credit and debit cards using mobile devices. Shuttle, available to merchants across Europe, adds point-of-sale infrastructure to Adyen’s online and mobile payment solution, with all three directly connecting to Adyen’s back office. A small card reader with a keypad connects to smartphones or tablets via a Bluetooth connection. Consumers slide their Chip-and-PIN payment cards into the handheld reader and enter their PIN to make a purchase.
“Shuttle is a natural extension of our online and mobile payment solution, bringing Internet technology to the point-of-sale and providing complete integration across all sales channels,” said Adyen CEO Pieter van der Does at a launch event for the new product in Amsterdam. “With more and more purchases being made online and using mobile devices, merchants are rethinking their approach to face-to-face commerce. Chip & PIN is how Europe pays, and with Shuttle, Adyen provides a cost-effective, high performance MPOS device that enables consumers to transact the way they are used to, using any card.”
In addition to what the company calls the “lowest transaction fee on the market,” merchants pay an initial fee of €99 ($131) and €10 ($13.23) per month.