Piloting new service
Software services provider Intuit is launching a mobile payments pilot programme allowing small businesses to accept card payments anywhere (view press release). Hundreds of small businesses in the UK are trying out the new service called Intuit Pay, which includes a free mobile app with a low-cost chip and PIN card reader.
A survey of 1,000 small businesses in the UK found that just 19% of micro-businesses – firms with less than 10 employees – currently accept card payments. Almost half, a total of 47%, said they would accept cards if there was a more affordable way of doing so using their smartphone or tablet.
Intuit Pay aims to enable businesses to accept credit or debit card payments in two ways. In person: by accepting credit cards anywhere, using a smartphone or tablet, a free app and the Intuit Pay chip and PIN card reader. The home or office: processing credit and debit card payments instantly online from a computer.
“The payments opportunity for small businesses in the UK is significant, and this pilot is our first step to enabling small businesses around the world get paid – faster and easier,” said Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division.
Whitepapers
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