Debit and credit card processor Moneris Solutions Corporation has announced the launch of PAYD PRO, Canada’s first debit-enabled mobile payment solution using chip & PIN technology to process payments on the go. PAYD PRO expands Moneris’ small business payment offerings, giving merchants an opportunity to accept debit and credit card payments on the go through chip and PIN, magstripe or contactless technology using their smartphone device anytime, anywhere.
“At Moneris, we are proud to be the first payment processor in Canada to empower small business owners with the ability to process debit card transactions anywhere they do business,” said Jeff Guthrie, Chief Sales and Marketing Officer at Moneris. “Canadians increasingly expect to have the freedom to choose any payment option they find convenient, with any type of a merchant organization, big or small. We are committed to bringing innovative, effective and secure solutions to merchants of all sizes, including smaller service providers, such as artisans, photographers, personal trainers and contractors.”
In contrast to existing mobile POS solutions that plug directly into a smartphone, PAYD PRO is a mobile application that uses Bluetooth technology to connect a lightweight and portable companion device to any Apple® iOS and Google® Android™ smartphone. PAYD PRO offers a suite of mCommerce management tools to meet the growing needs of Moneris’ small business merchants, including the ability to track all transactions from their mobile device and send receipts via email.
PAYD PRO, supported by the security of Moneris’ PAYD, encrypts card data at the time of transaction and allows merchants to easily access their transactions, accounts and history in a secure manner. In addition, the portable device leverages Bluetooth encryption to provide a secure connection, while prohibiting unauthorized devices from accessing the tool and the information channeled through it.
Moneris’ PAYD PRO service will be available in February 2014.