26 April 2017
visit nextgenbanking.co.uk

Monitise launches white label mPOS system

14 May 2013  |  10021 views  |  0 Man holding smartphone

Monitise has jumped on the mobile point-of-sale bandwagon, launching a white-labelled service for banks, mobile operators and acquirers to offer their business customers.

Like iZettle, Payleven, PayPal Here and others, Monitise mPOS connects a chip and PIN reader with a mobile app via Bluetooth, enabling merchants to accept card payments.

Unlike other providers though, Monitise is pitching its system not at retailers but at the banks, mobile operators and acquirers who find themselves facing a host of new competitors in the emerging mPOS market, which Javelin Strategy & Research estimates could result in $1.1 trillion new card payments annually.

Lee Cameron, chief commercial officer, Monitise, says: "While mobile is changing the payments market, mPOS is a fast-growing area within the payments ecosystem and financial institutions are ideally placed to capitalise on it. In order to do this they must build upon existing revenues and relationships and offer a competitive proposition to merchants, which can be scaled easily to meet future business and consumer needs."

The technology can be integrated into existing mobile applications, and alongside mPOS card acceptance, and offers real-time bank reconciliation, cash flow management and an overview of recent transactions. Alternatively, it can be delivered as an independent offering and rebranded for any financial institution, acquirer or distribution partner.

"Monitise mPOS is a complete solution that stretches beyond basic card acceptance which is - whilst a vital part of an mPOS offering - only one piece of the puzzle. Monitise mPOS is a gateway to a fundamental shift in how merchants can service their customers," says Cameron.
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

Square raids PayPal for retail expertise as POS terminal business builds

Square raids PayPal for retail expertise as POS terminal business builds

02 May 2013  |  7442 views  |  0 comments | 14 tweets | 1 linkedin
Payleven gets FSA authorisation

Payleven gets FSA authorisation

27 March 2013  |  8140 views  |  0 comments | 6 tweets | 7 linkedin
Intuit launches UK chip and PIN mobile card reader

Intuit launches UK chip and PIN mobile card reader

14 March 2013  |  10471 views  |  0 comments | 11 tweets | 9 linkedin
Monitise set for revenue boost from new three-year Visa deal

Monitise set for revenue boost from new three-year Visa deal

06 March 2013  |  7596 views  |  1 comments | 1 tweets | 2 linkedin
PayPal Here gets chip and PIN for UK launch

PayPal Here gets chip and PIN for UK launch

22 February 2013  |  12226 views  |  0 comments | 12 tweets | 10 linkedin
IZettle ships chip and PIN reader

IZettle ships chip and PIN reader

20 February 2013  |  12844 views  |  2 comments | 21 tweets | 10 linkedin
Monitise confirms placing, acquisitions and delay to break even

Monitise confirms placing, acquisitions and delay to break even

04 December 2012  |  7072 views  |  0 comments | 2 tweets
Square Wallet gets a caffeine jolt at 7000 Starbucks stores

Square Wallet gets a caffeine jolt at 7000 Starbucks stores

08 November 2012  |  8478 views  |  0 comments | 11 tweets | 6 linkedin
Monitise FY losses widen despite revenues doubling

Monitise FY losses widen despite revenues doubling

04 September 2012  |  5442 views  |  0 comments
Monitise agrees Clairmail acquisition

Monitise agrees Clairmail acquisition

26 March 2012  |  7818 views  |  0 comments
Monitise considers Nasdaq listing - FT

Monitise considers Nasdaq listing - FT

14 February 2012  |  5110 views  |  0 comments
Monitise and Best Buy Europe JV launches mobile checkout service

Monitise and Best Buy Europe JV launches mobile checkout service

04 November 2011  |  7963 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out morevisit vasco.com/news/PSD2-compliant-solutionsVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyDoes the Buck Stop with GameStop?
17457 views 0 | 3 tweets | 14 linkedin
hands typing furiouslyBitcoin ETF Bites the Dust, Needs More Sec...
12493 views 0 | 7 tweets | 7 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
11795 views comments | 31 tweets | 20 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
9925 views comments | 35 tweets | 38 linkedin
Coinbase plans Ethereum messaging appCoinbase plans Ethereum messaging app
9027 views comments | 14 tweets | 15 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job