Swedish mobile payments startup iZettle released a new card reader, based on chip&pin technology.
The pilot project of spreading of such readers among trade and service enterprises started in Spain in cooperation with Spanish bank Banco Santander. The new product of iZettle offers small merchants and trade and service enterprises a way to accept card payments with their smartphones and tablets, which turn into mobile payment terminals.
Besides, the new reader is made in the form factor of a separate device into which the client’s card is putted. The reader uses Bluetooth to connect wirelessly to the smartphone or the tablet with the appropriate software of iZettle. It is reported, that the iZettle’s device is EMV approved and compliant with PCI DSS, this fact is extremely important for European consumers. The new solution enables trade and service enterprises to accept payments from cards of international payment systems, including Visa, MasterCard, American Express, Maestro, Visa Electron and V Pay.
The new service of Swedish startup will be available not only in Spain, but also in The United Kingdom, Germany, Norway, Finland, and in Sweden itself.