27 May 2017
register for the webinar

Intuit pilots UK chip and PIN mobile card reader

29 November 2012  |  11886 views  |  0 Fingers on smartphone keypad

Intuit has begun piloting a tweaked, chip and PIN version of its GoPayment mobile credit card processing app and hardware in the UK.

Intuit Pay - being tested by hundreds of small businesses - comprises a free mobile app and "low-cost" chip and PIN card reader. As well as enabling merchants to accept card payments in person, the technology also lets them process transactions online from a computer.



Intuit stresses that its UK system is approved for chip and PIN payments by Visa and MasterCard - something other players in the nascent app and dongle market have struggled with.

When it launched in the UK earlier this month, iZettle was forced to introduce a workaround for Visa payments which requires a text message, with an embedded URL, to be sent via the merchant to the purchaser's phone with the card details entered at a secure Web site.

Another firm, mPowa, has told users not to use its current reader, asking them to wait for it to roll out a chip and PIN version. A third company, German-based Payleven, has a similar keypad-based reader to Intuit.

Despite entering a crowded UK market, Intuit says that there is huge potential for its service among small businesses. A survey of 1000 found that just 19% of micro-businesses - firms with less than 10 employees - currently accept card payments but almost half say they would if there was a more affordable way of doing so using their phone or tablet.

Terry Hicks, VP, products, global business division, Intuit, says: "For many small businesses, accepting card payments has simply not been an attractive option. It can take weeks to get set up, the equipment and transactions can be expensive and there is no easy way to take payments on the go. With Intuit Pay you can sign up and begin accepting card payments within minutes."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BofA first bank to take on Square

BofA first bank to take on Square

13 November 2012  |  8189 views  |  1 comments | 15 tweets | 8 linkedin
Square Wallet gets a caffeine jolt at 7000 Starbucks stores

Square Wallet gets a caffeine jolt at 7000 Starbucks stores

08 November 2012  |  8509 views  |  0 comments | 11 tweets | 6 linkedin
Finextra TV: iZettle launches in the UK

Finextra TV: iZettle launches in the UK

07 November 2012  |  11743 views  |  4 comments | 12 tweets | 7 linkedin
IZettle arrives in Germany

IZettle arrives in Germany

30 October 2012  |  8138 views  |  0 comments | 11 tweets | 5 linkedin
Square arrives in Canada

Square arrives in Canada

24 October 2012  |  6593 views  |  1 comments | 11 tweets | 1 linkedin
Payleven launches chip and PIN-based Square clone

Payleven launches chip and PIN-based Square clone

03 October 2012  |  11322 views  |  0 comments | 1 linkedin
MPowa reports First National Bank deal; denies own claims on Visa acceptance

MPowa reports First National Bank deal; denies own claims on Visa acceptance

01 October 2012  |  13689 views  |  3 comments | 3 tweets
Intuit takes GoPayment to Canada

Intuit takes GoPayment to Canada

10 January 2012  |  7266 views  |  0 comments
Intuit turns up the heat on Square with AT&T partnership

Intuit turns up the heat on Square with AT&T partnership

07 November 2011  |  11606 views  |  0 comments
Intuit looks ahead to NFC GoPayment

Intuit looks ahead to NFC GoPayment

10 May 2011  |  7871 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Download the paper nowvisit www.events.sap.comvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
12341 views comments | 49 tweets | 78 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7441 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
6286 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
6252 views comments | 12 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job