VeriFone brings mPOS to Peruvian merchants

VeriFone Systems Inc. Wednesday announced Procesos de Medios de Pago S.A., the MasterCard acquirer in Peru, will provide EMV-capable mobile point-of-sale terminals from VeriFone to merchant customers in Peru throughout 2014 and 2015 as part of its plan to increase payment mobility in the region, according to a press release.

As part of a nationwide initiative to invest in mobile technology, Procesos de Medios de Pago S.A. said in the announcement it selected VeriFone's PAYware Mobile e105 through Hiper S.A., VeriFone's international partner in Peru, due to the terminal's universally secure payment adapter that can accept all types of electronic payments — including EMV and traditional mag-stripe cards — from any location.

"Mobility is critical for merchants, especially as they increasingly find themselves engaging customers away from the counter or in environments outside of brick-and-mortar retail locations," said Augusto Pflücker, general manager of Procesos de Medios de Pago S.A.

Aside from allowing merchants to extend the POS to all environments, PAYware Mobile e105 features the following:

• - Fully encrypted card reader that is PCI 3.0 compliant and meets PA-DSS requirements for application security
• - Sleek, ergonomic design that easily adapts to a wide range of smartphones and tablets, including iOS and Android
• - Secure EMV, chip-and-PIN, and mag-stripe reader
"Merchants need technology that makes it easy to conduct business in all types of environments," said Fernando Lopez, executive vice president of Latin America for VeriFone. "The PAYware Mobile e105 will provide merchants with the payment security and reliability they already associate with VeriFone, but with the mobility to securely accept all types of payments — regardless of where the transactions occur."

Source: Mobile payments today