Ingenico and Spanish banking group Banco Sabadell have partnered to launch a new mPOS product. The solution is currently only available on iPhone devices but will be launched shortly on Android and other operating systems.
The mPOS system developed by the pair is composed of an app and a device manufactured by Ingenico. It accepts all forms of payment: EMV Chip, magnetic strip as well as contactless payments.
As a result, Banco Sabadell aims to consolidate its position in the mobile banking space by adding a new functionality for users of its mobile banking service. Features already on the banks offering include Instant Check, which allows cheques to be deposited in a bank account by taking a picture of them, as well as the recently launched Instant Money offering, which makes it possible to withdraw cash from any of the bank’s ATMs with a mobile phone and carry out P2P mobile-enabled money transfers.
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