European mobile payments firm Payleven has launched its new Chip & PIN solution across Europe. The solution is fully compliant with all major debit and credit cards.
Payleven is Visa Europe’s first full payment service provider (PSP): its device is officially certified by Visa to accept all Visa and V-Pay branded cards. payleven is also fully certified by MasterCard and Maestro. Many other mobile payment providers remain focused on signature-based solutions which offer lower security levels and so cause major problems with card acceptance.
Co-Founder and CMO Konstantin Wolff commented: “We are excited to launch the perfect solution for the European market. Since Visa requires PIN authorization at the mobile point of sale in Europe, we are now in the position to allow our merchants to accept the leading card brand in the world – Visa. With Chip & PIN we can offer our merchants the highest security standard in card payments whilst being fully mobile, more flexible and convenient than traditional card terminals.”
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