iZettle is launching its Chip & PIN reader, designed for businesses that demand fast, secure and hassle free card payments with maximum flexibility. The Chip & PIN reader connects wirelessly, via Bluetooth, to a smartphone or tablet. Like the iZettle Chip & Signature reader that plugs into a phone or tablet, the new device works with iZettle’s free app that lets anyone selling anything use a smartphone or tablet to accept card payments and manage their business.
“Our vision from day one has been to simplify and democratise payments,” said Jacob de Geer, co-founder and CEO of iZettle
Pilar Aurrecoechea, General Manager at MasterCard, Spain and Portugal added: “We applaud and support iZettle’s leadership in bringing new types of safe and affordable chip card acceptance solutions to small businesses across Europe not previously taking card payments. The results of iZettle’s partnership with Banco Santander are exactly what’s needed to help struggling small merchants worldwide.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.