2012 is predicted to be another huge year in mobile payments, and Canada is at risk of being left behind. That’s why NetSecure Technologies, a developer of secure online and mobile sales technology, has launched the Kudos mobile credit card reader designed for Canadians to take payments with their smartphone or tablet.
Mobile sales are the future, and Kudos is bringing Canada up to speed. Recent research revealed that in 2011 alone, 141 million consumers spent more than $85 billion using mobile payments. This global trend is estimated to reach $670 billion by 2015. The Canadian market, however, has lacked a product that allows them to capitalize on the enormous financial opportunities this technology provides. Today, Kudos delivers a simple, transparent mobile credit card solution any Canadian can use.
“From taxi drivers and electricians to craft merchants and caterers, Canada is full of people looking to take payments on the go,” said Dan McCann, President of NetSecure. “Small businesses that were once unable to accept credit cards now have a quick and affordable way to meet customer needs. This has the potential to accelerate economic growth and significantly impact thousands of micro-businesses in Canada.”
Banks have traditionally been the primary source for merchant accounts, but the process is notoriously expensive and complicated. By offering simple flat-rate pricing with excellent person-to-person customer support, Kudos has broken through the barrier preventing micro-businesses from getting a merchant account.
By simply plugging a Kudos card reader into their smartphone or tablet, Canadian merchants have a complete point-of-sale solution that meets compliance standards. The Kudos device works with any smart device (Apple, Android, and Blackberry) and keeps financial information safe with the most advanced security measures.
Kudos is a simple tool for anyone with a smartphone or tablet. The kit includes the reader and a free Kudos app download. Once the customer completes their 15 minute online application, it is only a day or two before they can start accepting credit cards. Kudos also makes taking credit more affordable than traditional card terminals, offering no monthly costs or ongoing fees, and a low flat rate of 2.9 percent plus 20 cents per transaction. Plus, merchants know in real time if a payment was received and receipts can be emailed or sent by text to customers.