Under the agreement, iZettle has been working with Situation Sthlm supplying the magazine sellers with smartphones and card readers that allow debit and credit card payments to be taken on the spot.
The program has been trialed for one month by five sellers who were equipped with smartphones and an iZettle card reader to take payments on the spot. Vendors plug in the reader to their phone and customers sign on screen or use their PIN number to purchase. They collect their phones and readers at the central offices each day whilst picking up their magazines.
iZettle provides hardware and software that can be used by small merchants to turn smartphones and tablets into mobile credit-card terminals. iZettle’s services are compliant with EMV (Europay, MasterCard and VISA) standards as well as with the Payment Card Industry Data Security Standard (PCI-DSS). No sensitive data is stored on the mobile device or iZettle reader, and all data traffic is encrypted.
In recent news, iZettle has entered a definitive agreement with Spanish financial services provider Banco Santander.
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