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TMCNet:  payleven Goes Live with Mobile Payment Solution

[February 14, 2013]

payleven Goes Live with Mobile Payment Solution

Feb 14, 2013 (Close-Up Media via COMTEX) -- payleven, a European mobile payments company, is launching its Chip & PIN solution across Europe.

The company said that now, businesses of any size can sign up for the solution on and purchase the device at a special introductory price of EUR 49, (excl VAT). The shipment of devices starts on the 18th of February.

According to a release, with Chip & PIN, payleven is fully compliant for all major debit and credit cards. payleven is Visa Europe's first full payment service provider (PSP): its device is officially certified by Visa to accept all Visa and V-Pay branded cards. payleven is also fully certified by MasterCard and Maestro. Many other mobile payment providers remain focused on signature-based solutions which offer lower security levels and so cause major problems with card acceptance.

Co-Founder and CMO Konstantin Wolff: "We are excited to launch the perfect solution for the European market. Since Visa requires PIN authorization at the mobile point of sale in Europe, we are now in the position to allow our merchants to accept the leading card brand in the world - Visa. With Chip & PIN we can offer our merchants the highest security standard in card payments whilst being fully mobile, more flexible and convenient than traditional card terminals." With customers across the European continent, payleven noted, it is the first Pan-European mobile payments company live with a fully certified Chip & PIN solution. payleven's Chip & PIN solution works through a compact, secure device that links to a smartphone or tablet via Bluetooth. The PIN is entered on a keypad on the device. Chip & PIN offers the same level of security as a traditional card terminal, with full EMV Level 2 and PCI certification. As a result, merchants have the maximum level of fraud protection (which non-PIN solutions cannot provide).

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