Tony McGrath
16 February 2011
The latest version of PAYware Mobile, VeriFone's smartphone service for allowing its devices to be used to make purchases, will come to the U.K. in the first quarter of 2011, the company announced Monday.
VeriFone says its system will allow U.K. merchants to accept contactless payments and other advanced options with relative ease.
PAYware can run a chip and PIN system to provide security for transactions conducted through it, and other tough security protocols, including NFC and EMV smart card, will be supported as well, VeriFone says.
Paul Rasori, senior vice president of marketing for VeriFone, asserts that the lessons learned from the company's North American experience have proved valuable as it prepares to move to the U.K. and Europe.
"PAYware Mobile struck a chord with micro merchants in North America who wanted to be able to quickly and securely accept credit card payments anywhere by leveraging a cost-effective, mobile smart phone. VeriFone is now leveraging our global partnerships and distribution capabilities to provide a mobile payment platform that supports regional [security standards]," he said.
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