CreditCall Ltd. is developing a mobile-payment application to enable merchants to accept secure chip-and-PIN transactions on Blackberry and other smart phones, the United Kingdom-based payment processor announced last week.
CardEase Mobile will be available this fall in the UK and is being tested at several UK-based acquiring banks. It also will be available in the fall in the U.S., Canada, Australia, Europe, Russia and Asia, according to CreditCall.
Though smart-phone applications give merchants an easy way to accept payments, some merchants may have to decide if “it is worth it to buy all the separate pieces or easier to use a wireless terminal,” Todd Ablowitz, president of Double Diamond Group, a Centennial, Colo.-based consulting firm, tells PaymentsSource. Some mobile merchants may find wireless terminals meet their needs better than mobile applications.
American Banker, July 26, 2010
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