Fiserv solution enables merchants to use mobiles to accept payments

Tuesday 18 February 2020 13:32 CET | News

First Data, now part of Fiserv, has launched a new solution with Visa enabling merchants to use their own devices to accept payments, according to Electronic Payments International.

The service allows businesses to accept PIN-based contactless transactions without the need for a separate card reader or PIN-entry device. In addition, the move is expected to boost the worldwide use of smartphones and tablets as point-of-sales terminals.

Earlier this year, Fiserv completed its first PIN on mobile payment via the app-based solution in collaboration with Visa, Samsung, and PayCore. Following testing, the solution is being piloted in Poland, with plans to expand in the EMEA and APAC regions.

First Data’s solution is currently available on select Samsung devices and allows customers to pay using contactless devices.

Furthermore, Visa approved the solution to authorise contactless payments with PIN capture through its Visa tap to phone programme.

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Keywords: Fiserv, merchants, mobile payments, contactless
Categories: Payments & Commerce | Mobile Payments
Countries: World
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Payments & Commerce

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