PAYPAL GIVES A FACE-LIFT TO MOBILE CARD READER

PayPal has re-launched its PayPal Here card reader for smartphones


Since the launch in Australia, two years ago, the mobile card processing sector has become a little crowded, however, one major point of differentiation for the new PayPal device is its Bluetooth connectivity, meaning it doesn't have to be physically attached to a smartphone. It has also been designed for Chip and Pin functionality, with the inclusion of a keypad allowing customers to enter their PINs.

PayPal says the new system allows businesses using the device to generate and distribute invoices along with the ability to log cash payments.

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MASTERCARD PREDICTS BOOM IN CONTACTLESS PAYMENTS

MasterCard is expecting an increase in contactless transactions thanks to mobile payments’ consolidation.


According to MasterCard and Maestro contactless cards or devices have been issued by more than 220 financial institutions in Europe and can be used at almost two million merchant locations worldwide, representing more than a 180% year-on-year increase. The card scheme says the number of contactless transactions across Europe have more than tripled and the volume spent on those transactions has increased four times year-on-year. 

The figures match with recent data from Visa Europe which recently reported a tripling in transactions over the past year as the number of terminals doubled, while Barclays in the UK says customers are now spending £6.6 million a day with a tap of their card.

Rival scheme Visa Europe also views contactless as a stepping stone to full-scale mobile payments. In January, it reported 62 mobile contactless projects now live or planned to launch across Europe. The card scheme says it is firmly on track to realise its prediction that 50% of Visa transactions will made be made through a mobile device by 2020.

IZETTLE MOBILE PAYMENT DEVICES NOW ACROSS THE UK IN MAPLIN STORES

Mobile payment operator iZettle has announced that its Chip and PIN readers are now available to buy from Maplin electronics stores across the UK.




The card reader, which allows users to accept debit or credit card payments via a Bluetooth connection to their smartphones or tablets, is being sold for £59.99. It’s capable of connecting to Apple iOS or Android devices.

iZettle launched in the UK two years ago, offering an app-based service that enables small businesses and sole traders to take card payments without set-up fees or annual contracts. Instead, business owners buy the iZettle device, download the free app and just pay per transaction.