Under the terms of the agreement, Elavon will market VeriFone’s PAYware Mobile product through its sales channels including banks, telesales, third-party providers and associations. The PAYware Mobile application provides small businesses with card processing options via the iPhone.
The application incorporates VeriFone’s VeriShield Protect card encryption technology, which encrypts each transaction from the time of card swipe until it reaches Elavon, and ensures payment processing. VeriFone’s card reader includes a stylus for signature capture and a mini-USB port for charging iPhone while the reader is attached.
Most recently, Elavon has released its Enterprise Billing Solution (EBS), an offering which targets businesses who seek a single source provider for both electronic bill presentment and payment (EBPP) and merchant card processing services.
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