The Asian Banker

Elavon and payleven to facilitate mobile payments
Nov 12, 2012

Watford, November 7th 2012 - Elavon, a wholly owned subsidiary of U.S. Bancorp and a leading global payment solutions provider, and payleven, Europe’s mobile payments pioneer, have joined forces to boost mobile debit and credit card acceptance by small and independent businesses in Europe.

payleven’s innovative solution turns smartphones and tablets into mobile debit and credit card processing terminals using its free software app (available for Apple iOS in the App Store and for Android devices in the Googleplay store) plus a free card reader (or “dongle”). Elavon provides end-to-end payment processing (acquiring) services – mobile payments cannot be transacted without this functionality. The solution is currently running successfully in Germany, Italy, Netherlands, Poland and the UK. payleven has also recently announced the introduction of its new Chip & PIN reader across Europe which will enable all businesses, regardless of size, to accept secure payments from all major credit and debit card providers.

payleven initially spoke to several card acquiring companies: however, it very quickly concluded Elavon was the right choice because of its international processing capabilities, together with its fast and flexible approach. "Elavon is the perfect partner for an innovative project like this," says Alexander Zumdieck, Co-Founder of payleven. "There is no other card payment service provider better positioned across Europe than Elavon. With its powerful, international payment and service infrastructure, we chose a provider who realises our services professionally, quickly and safely."

The solution is of particular relevance for small and independent businesses that are often owner operated and often mobile - such as mobile beauticians, hairdressers, market traders, electricians, plumbers, gardeners, delivery services, taxis etc. The solution is quick, easy and cost effective to use and includes transaction acceptance authorisation and approval, billing and online reporting and customer service which are all provided by Elavon.

“Elavon is committed to delivering solutions that enhance business opportunities for its customers, of all sizes, helping to make them more efficient and more profitable. payleven’s solution is perfect for the thousands of very small, often mobile, businesses in Europe today. Such businesses have previously not been able to accept card payments easily or cost effectively,” commented Jan Reinink, Head of Business Development in Germany.


Re-disseminated by The Asian Banker

Categories: Technology & Operations
Keywords: Elavon, payleven

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