BERLIN and LONDON, October 4, 2012 /PRNewswire/ --
- First pan-European mobile payments company with Chip & PIN. Accept payments on both smartphones and tablets
- payleven now fully compliant with the standards of all major debit and credit cards, including Visa and Mastercard
- Highest security standards with full EMV and PCI accreditation
payleven is the first provider of a Chip & PIN solution for mobile payments across Europe, as announced today at the 'Apps World' conference in London. In Europe, Visa only allows mobile payments with Chip & PIN authorization. Now with payleven, all credit and debit cards from all major providers can be accepted with the superior payleven customer experience. With the introduction of its Chip & PIN solution, payleven is the first company on the European continent to fulfill the high technical and security standards required for a fully-functional mobile point of sale. With payleven, all merchants now have the opportunity to accept all major credit and debit cards.
payleven's Chip & PIN solution works through a compact, secure device that links to a smartphone or tablet via Bluetooth. The PIN is entered on a keypad on the device. With Chip & PIN, transactions are as secure as on a traditional card terminal and merchants are fully protected. Chip & PIN will be offered in all payleven international markets including UK, Germany, Italy, the Netherlands, Poland and Brazil. Online registrations for Chip & PIN will be accepted from 15 October.
Co-Founder and CEO Dr. Alexander Zumdieck: "Since the foundation of payleven, we have focused our efforts on developing a Chip & PIN solution. Visa only allows Chip & PIN authorisations for European mobile POS solutions. With Chip & PIN, payleven now offers a comprehensive solution for all cards and is therefore leading the European market."
Through the mobile Chip & PIN device, payleven has revolutionized the ability for small merchants and service providers to take payments: they can now take debit and credit card payments anytime and anywhere - be it in a car, on the door-step of a client or even on the beach.
Co-Founder and CTO Rafael Otero on the new Technology: "With Chip & PIN, we have developed an optimal solution for mobile payments. We are very excited that our product is coming to market. We will start taking registrations for our Chip & PIN device starting 15 October and the first devices will ship shortly thereafter. This marks the next step towards our goal of enabling small businesses to accept card payments easily and everywhere."
Unlike traditional card payment devices, payleven's new Chip & PIN solution is priced in a fair and transparent way, based purely on usage with a small transaction fee. There are no minimum sales, no monthly fees and no hidden costs. payleven is a great solution for small businesses who would like to start accepting card payments. "Our merchants love the simplicity and transparency of payleven." says Zumdieck.
About the Company
Payleven is a start-up with its headquarters in Berlin and London and was founded in March 2012. The company is under the leadership of founders Rafael Otero, Alston Zecha and Dr. Alexander Zumdieck and currently employs around 70 employees.
Additional information and press material can be found at http://www.payleven.com/press.