AnywhereCommerce, iZettle, Miura, SumUp and Swiff to participate in the
Visa Ready Program for mobile point-of-sale technology
FOSTER CITY, Calif.--(BUSINESS WIRE)--Jun. 5, 2013--
Visa Inc. (NYSE:V) today announced that it has signed agreements with
three leading mobile point-of-sale (mPOS) providers to enable merchants
of all sizes to accept Visa payments using mobile technology. iZettle,
SumUp
and SCCP Group’s Swiff,
will participate in the Visa Ready Program to have their mobile
acceptance hardware and software tested and approved for use with Visa
payments. Additionally, Visa announced that it has approved two new mPOS
devices by AnywhereCommerce
and Miura
Systems to accept Visa payments1. The companies aim to
displace cash and checks with electronic payments by making it easier
for merchants and acquirers in key geographies2 to deploy
secure mobile acceptance terminals.
“The Visa Ready Program is designed to provide innovators with an easy
way to collaborate with Visa and gives merchants and consumers the
peace-of-mind they need when transacting with a mobile phone,” said
Jim
McCarthy
, Global Head of Innovation & Strategic Partnerships, Visa Inc.
“Mobile acceptance technology is precisely the kind of innovation we
need to bring the benefits of electronic payments to more merchants,
financial institutions and consumers around the globe.”
The growing popularity of mPOS acceptance solutions, especially among
micro and small merchants, is helping to drive the migration from cash
to electronic payments. From 2011 to 2012, the number of mobile
point-of-sale terminals in operation worldwide increased 111 percent,
from 4.5 million to 9.5 million, and it is expected to reach 38 million
in 20173.
As part of the agreements, iZettle, SumUp and Swiff can have access to
guidance, best practices, APIs (Application Program Interfaces) and SDKs
(Software Design Kits) from Visa, including:
-
Tools: Reference applications and tools to enable the ongoing
development of magnetic stripe, EMV-chip (contact and contactless),
and mobile acceptance solutions.
-
Direct Connection to Visa: In select countries, Visa can enable
iZettle, SumUp and Swiff to directly connect to Visa through the Visa
POS Solutions platform or payment gateways such as CyberSource and
Authorize.Net, the merchant platforms acquired by Visa in 2010. This
will enable simplified processing of EMV-chip transactions.
-
Value-Added Services: Visa can also provide the companies with
access to value-added services, such as the ability for merchants to
offer instant redemption of special offers at the point-of sale.
-
Visa Ready Symbol: iZettle, SumUp and Swiff will be able to use
the Visa Ready symbol to promote and market their devices once they
have been approved for use with Visa payments. AnywhereCommerce and
Miura Systems can already use the symbol to market their Visa approved
devices.
According to a recent Javelin Strategy and Research report, in the
United States alone, 70% of the total number of merchants –
approximately 19 million – currently do not accept electronic payments
and could benefit from mPOS solutions. When the spending at these
merchants is added together, it represents an opportunity to migrate
more than $1.1 trillion yearly from paper to electronic payments4.
“Mobile POS opens up the market to all merchant tiers, from the largest
big box retailers to the smallest micro-merchants, which never would
have dreamed of accepting card payments in the past,” said
Mary Monahan
,
Executive Vice President and Research Director, Mobile, Javelin Strategy
& Research. “Our research shows the attraction of mobile POS also
extends to the other side of the counter: the majority of consumers view
mobile checkout as very or extremely convenient.”
For more information about the Visa Ready Program, visit www.visa.com/ready.
About Visa Inc.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable electronic
payments. We operate one of the world’s most advanced processing
networks—VisaNet—that is capable of handling more than 30,000
transaction messages a second, with fraud protection for consumers and
assured payment for merchants. Visa is not a bank and does not issue
cards, extend credit or set rates and fees for consumers. Visa’s
innovations, however, enable its financial institution customers to
offer consumers more choices: pay now with debit, ahead of time with
prepaid or later with credit products. For more information, visit corporate.visa.com.
About AnywhereCommerce
AnywhereCommerce is a global mobile payments technology solutions
provider with a portfolio of IP, including the defacto audio-jack
patents. AnywhereCommerce offers a global suite of hardware, software
and gateway solutions for secure online and mobile; card-present credit,
debit, Chip (PIN and signature),and NFC transactions. Our Universal
“aCommerce Platform“ designed for iOS, Android, Blackberry and WP8,
provides white label and customized software applications for retail
line-busting and mobile field services. Our PCI and EMVCo certified
ecosystem provides optimal security, reliability, convenience and return
on investment for merchants, networks, issuers, processors and
acquirers. For more information, please visit www.AnywhereCommerce.com.
About iZettle
iZettle is payments made easy. With iZettle, anyone selling anything
face to face can use smartphones and tablets to accept credit card
payments and manage their business – and for a fraction of the cost of
traditional systems. The social payments company’s services are always
secure, fantastically fast to set up, and super simple to use. Founded
in 2010, with headquarters in Stockholm, iZettle is now available in the
U.K., Germany, Sweden, Denmark, Norway, Finland, Spain and coming soon
to more countries. To start accepting card payments today go to www.izettle.com.
About Miura
Miura
Systems Limited (Miura) is a leading provider of innovative secure
electronic payment hardware. Miura’s core competency is the design,
certification and manufacture of industry certified hardware. Miura
partners with Independent Software Vendors and Systems Integrators to
provide rich and flexible payment solutions for retail, hospitality,
financial, government and healthcare vertical markets globally.
About SumUp
SumUp
empowers businesses to accept card payments in a cost-effective, secure
and simple way. SumUp uses a portable card reader and an app available
for iOS
and Android,
only taking a fee of 2.75% per transaction. SumUp is Europay,
MasterCard, and Visa (EMV) and PCI-DSS certified, ensuring that payments
are processed in accordance with the highest security standards. The
company was founded in 2011 by
Daniel Klein
, Jan Deepen, Marc-Alexander
Christ, Petter Made and
Stefan Jeschonnek
and has major offices in
Berlin, London, Dublin, Madrid, Milan and Moscow. SumUp is currently
available in Germany, UK, Ireland, Spain, Italy, Austria, the
Netherlands, Belgium, Portugal, France and Russia – giving SumUp the
largest international footprint of any mPOS company worldwide.
About Swiff
Swiff is the world's first white-label mobile payment platform that
offers a patented, bank-standard security. Through Swiff's suite of
m-commerce solutions (Swiff Pay, Swiff mWallet, Swiff Authentication,
etc.) this innovative and unique technology provides financial
institutions and merchants the tools to roll out mobile strategies that
enable bank-level secured, authenticated transactions.
1 Miura Shuttle and AnywhereCommerce Nomad are Visa approved
devices
2 Visa Ready Program requirements vary by region/country
3 Timetric, 2020 Foresight: Mobile Point of Sale Technology,
April 2013, www.timetric.com
4 Javelin Strategy & Research, Mobile POS (Point of Sale)
Business and Market Impact 2013: Emerging Technologies Expand Reach with
Lower Cost, Disruptive Services, April 2013, www.javelinstrategy.com
Source: Visa Inc.
Visa Inc.
Claudia Parazzoli, +1 650-432-4211
globalmedia@visa.com
or
AnywhereCommerce
Glenn
Goldberg, Parallel Communications Group
+1 516-705-6116
ggoldberg@parallelpr.com
or
iZettle
Johan
Bendz, +46 (70) 858-5162
johan@izettle.com
or
Miura
Systems
Fanclub PR, +44 (20) 7096-1375
fanmail@fanclubpr.com
or
SumUp
Robert
Bownes, +44 (20) 7324-6190
press@sumup.com
or
Swiff
Anne
Barrat, +41 (78) 732-1923
anne.barrat@sccpgroup.com