Loyalty Truth

An important announcement was made this week that Point, a VeriFone company, and Handelsbanken, one of the highest rated banks in the world, will provide a mobile payment managed services solution for micro merchants and other small businesses in Sweden that want to use smartphones and tablets to conduct transactions.

The announcement was made at the Mobile World Congress held this week in Barcelona Spain.

Point is providing VeriFone’s EMV-compatible PAYware Mobile devices and managed services to Handelsbanken, a leading Nordic bank, which is using the Point solution to deliver a branded mobile payment service.

“Leading banks such as Handelsbanken are developing new payment services to serve the needs of new micro merchants and other small businesses that want to utilize smartphones and tablet devices for payment acceptance,” said Bård Ljöstad, managing director of Sweden for Point.  “Point services built on VeriFone’s proven mobile payments technology provide a complete and secure mobile solution that enables banks to meet these emerging needs with a trusted brand.”

Point is the leading provider of electronic payment solutions in Europe focusing on payment solutions to merchants. Point installations handle 10 million transactions per day, and the Point Group provides service to approximately 680,000 payment terminals and more than 20,000 e-commerce sites. Customers include some of the largest retail companies in Europe, as well as small independent stores and online merchants.

VeriFone Systems, Inc. is of course, the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.

Editor’s note: This article was adapted from a press release provided from Verifone