Developed in conjunction with eMerit Solutions Limited, the new offering turns smart phones and tablets into a mobile card payments terminal, allowing merchants and retailers of all sizes, and even freelance merchants and small businesses such as cafes, mobile hairdressers, taxi drivers and market stall traders, to take payments from customers.
The eMerit device is fully EMV, PCI DSS and major card scheme compliant. Payments are processed through a convenient chip and PIN secure entry device. The device will be available to selected merchants in the near future and to all merchants by the end of 2012.
Chris Davies, Managing Director of HSBC Merchant Services said: “We are constantly looking for new ways to help businesses and retailers serve their customers. Our relationship with eMerit Solutions has helped facilitate these initiatives.
“The current economic climate has resulted in increased pressure on sole traders to retain loyal customers. By accepting credit, debit and gift card payments through smartphones and mobile devices, the eMerit device gives merchants the ability to process payments that will ultimately drive forward repeat business – quickly and easily.”
Tim Corke, CEO of eMerit Solutions Limited added: “Within the eMerit range, we are delighted to offer a fully-compliant product that provides a new and exciting environment for merchants, whilst still adhering to an experience that cardholders are completely comfortable with.
“Initially targeting UK businesses, our wide range of value-add tools for merchants of all sizes provides a truly compelling business case in a card accepting environment. We are genuinely excited about our relationship with HSBC Merchant Services, and about working together in full support of the major UK card schemes to maintain and extend the undoubted role that chip and PIN has played in driving down card fraud.”