VeriFone’s payment solution for the iPhone provides small business merchants with mainstream payment processing capabilities, allowing them to access a mobile card acceptance solution for enterprises such as home repair, small cafes, door-to-door sales, or any other type of business. The hardware and software solution will begin shipping January 15 2010 and is available to those who sign up for a PAYware Mobile secure gateway service agreement.
PAYware Mobile includes a PA-DSS approved payment app and a card reader that slips over the iPhone to accommodate card swipes.
VeriFone’s iPhone payment solution will be available through existing bank acquirer and ISO channels, as well as directly from VeriFone. PAYware Mobile is connected to First Data, and will be available for shipment through TASQ Technology, a First Data company.
Transactions initiated by PAYware Mobile will be managed through VeriFone’s PAYware Mobile secure gateway and routed to credit card processors for authorization and settlement. VeriFone expects to make PAYware Mobile fully available to most other processors.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now