payleven Launches Mobile Chip-and-PIN Acceptance in Europe
Oct. 4, 2012
payleven, a European mobile payments company, this week said it has launched a solution compatible with Chip-and-PIN technology. The Berlin-based company said it is the first in continental Europe that enables merchants to accept Chip-and-PIN cards using a mobile device. The solution leverages Bluetooth to connect a card-swipe device with a keypad to a smartphone or tablet.
“Since the foundation of payleven, we have focused our efforts on developing a Chip-and-PIN solution,” said Co-Founder and CEO Dr. Alexander Zumdieck. “Visa only allows Chip-and-PIN authorizations for European mobile POS solutions. With Chip and PIN, payleven now offers a comprehensive solution for all cards and is therefore leading the European market.”
The company plans to offer the technology in all payleven international markets including the U.K., Germany, Italy, The Netherlands, Poland and Brazil. Merchants can register online for the Chip-and-PIN solution starting Oct. 15.