payleven is the first full Payment Service Provider (PSP) with a Chip & PIN solution for Europe.

payleven has invested significant time and energy to bring to market a solution which is low-cost, convenient, mobile and secure. Its new device is able to process both Chip and magstripe transactions and also supports PIN. As such, payleven's app and device fulfil all card scheme requirements. payleven's solution provides full end-to-end encryption of transaction data, is fully EMV-certified and is Europe's first mPOS card reader from a full PSP to be certified to the highest PCI level - PCI PTS 3.1. payleven's card reader connects via Bluetooth to a smartphone or tablet.

Rafael Otero, payleven's Co-Founder and CTO, noted, "payleven has worked hard to deliver a mobile payments solution which is convenient and also gives merchants and cardholders confidence in its security. Without PIN entry, you can't have the same quality of security. End-to-end encryption is also very important to protect your card information, because it ensures that your personal data cannot be compromised during a transaction. This is why Visa has rightly maintained its high standards to protect cardholders and their information."

Stanley Skoglund, Senior Vice President, Payment Systems Risk at Visa Europe said: "We welcome the innovation we see today in Europe to deliver solutions that enable secure card acceptance for small businesses that have not traditionally accepted cards. This kind of solution helps to increase card acceptance while preserving the important Chip & PIN functionality and all the security benefits that it provides. We are delighted to see solutions emerge that can bring Chip & PIN out of the shop and into the hands of small merchants. We are doubly delighted that the reach and flexibility of EMV is being increased in a responsible manner, giving smaller businesses the opportunity to offer the same level of secure card acceptance that larger enterprises can already do."

In Europe, payleven currently operates in Germany, Italy, the Netherlands, Poland and the UK. It is taking registrations for its new Chip & PIN device on its website.