payleven Releases Chip & PIN Solution

payleven Releases Chip & PIN Solution

BERLIN and LONDON, October 4, 2012 /PRNewswire/ --

       
        - First pan-European mobile payments company with Chip & PIN. Accept
          payments on both smartphones and tablets
        - payleven now fully compliant with the standards of all major debit and credit
          cards, including Visa and Mastercard
        - Highest security standards with full EMV and PCI accreditation

    payleven is the first provider of a Chip & PIN solution for mobile payments across
Europe, as announced today at the 'Apps World' conference in London. In Europe, Visa only
allows mobile payments with Chip & PIN authorization. Now with payleven, all credit and
debit cards from all major providers can be accepted with the superior payleven customer
experience. With the introduction of its Chip & PIN solution, payleven is the first
company on the European continent to fulfill the high technical and security standards
required for a fully-functional mobile point of sale. With payleven, all merchants now
have the opportunity to accept all major credit and debit cards.

    payleven's Chip & PIN solution works through a compact, secure device that links to a
smartphone or tablet via Bluetooth. The PIN is entered on a keypad on the device. With
Chip & PIN, transactions are as secure as on a traditional card terminal and merchants are
fully protected. Chip & PIN will be offered in all payleven international markets
including UK, Germany, Italy, the Netherlands, Poland and Brazil. Online registrations for
Chip & PIN will be accepted from 15 October.

    Co-Founder and CEO Dr. Alexander Zumdieck: "Since the foundation of payleven, we have
focused our efforts on developing a Chip & PIN solution. Visa only allows Chip & PIN
authorisations for European mobile POS solutions. With Chip & PIN, payleven now offers a
comprehensive solution for all cards and is therefore leading the European market."

    Through the mobile Chip & PIN device, payleven has revolutionized the ability for
small merchants and service providers to take payments: they can now take debit and credit
card payments anytime and anywhere - be it in a car, on the door-step of a client or even
on the beach.

    Co-Founder and CTO Rafael Otero on the new Technology: "With Chip & PIN, we have
developed an optimal solution for mobile payments. We are very excited that our product is
coming to market. We will start taking registrations for our Chip & PIN device starting 15
October and the first devices will ship shortly thereafter. This marks the next step
towards our goal of enabling small businesses to accept card payments easily and
everywhere."

    Unlike traditional card payment devices, payleven's new Chip & PIN solution is priced
in a fair and transparent way, based purely on usage with a small transaction fee. There
are no minimum sales, no monthly fees and no hidden costs. payleven is a great solution
for small businesses who would like to start accepting card payments. "Our merchants love
the simplicity and transparency of payleven." says Zumdieck.

    About the Company

    Payleven is a start-up with its headquarters in Berlin and London and was founded in
March 2012. The company is under the leadership of founders Rafael Otero, Alston Zecha and
Dr. Alexander Zumdieck and currently employs around 70 employees.

    Additional information and press material can be found at
http://www.payleven.com/press.

    Press Contact:

       
        Andreas Winiarski
        Tel. +44(0)174-433-99-26
        presse@payleven.de

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