The application transforms mobile devices or Smartphones into terminals, enabling small businesses to quickly accept secure payments anytime and anywhere through email or text message.
Currently, the solution is in service with the UK pilot programme and the full production availability is scheduled for March 2012.
MobileMerchant features easy-to-understand rate programme, making it an ideal solution for small businesses and meets the UK banking requirements to protect users from fraud, abuse and chargebacks.
Bluetooth-connected Chip and PIN device securely captures and encrypts card data in the App installed smartphone ensuring that no information is stored in it.
Elavon International Markets president Simon Haslam said that the app delivers a convenient and secure solution that makes payment processing accessible to a new class of customers and aims to make payment acceptance easy for all businesses, regardless of type, size or acceptance environment.
