Preparing for the move to chip and PIN for card payments? Here is another device that turns your phone into a payment terminal.
Australian shop owners looking for mobile chip and PIN payment devices will have plenty of choice by the time August 1 rolls around, with the announcement of another Bluetooth device for accepting card payments via a smartphone or tablet.
BIT has previously reported plans by PayPal and MYOB to accommodate the upcoming change to chip and PIN as the primary mechanism for authorising credit card payments.
Now Quest Payment Systems has announced microPay, a payment system that includes a Bluetooth card reader for use with smartphones and tablets. The company offers free apps for iOS, Android and Windows Phone, but importantly it also provides an API (application programming interface) allowing developers of apps for specific types of businesses to incorporate payments capability.
The announcement did not mention the price of the device, or the service charges associated with its use.
Another significant feature of microPay is that it supports payment from cheque and savings accounts via EFTPOS cards as well as Visa, MasterCard, American Express, Diners and JCB, plus stored-value gift cards. An optional module will handle contactless payments.
The app makes provision for tips and credit card surcharges, and receipts can be sent to a Bluetooth printer or delivered by SMS or email.
Company officials said microPay is being adopted by two major banks, as well as companies in the field services, taxi and health industries.