IZettle today announces that its Chip & PIN and Chip & Signature mobile payments solutions has been approved by the Visa Ready Program, making iZettle mPOS solutions software and hardware Visa Ready.
This comes after iZettle's successful enrollment last June in the Visa Ready Program, which is designed to provide innovators with an easy way to collaborate with Visa and quickly introduce Visa-compliant devices, software, and solutions that can be used to initiate or accept Visa payments. Visa Inc. introduced its Visa Ready Program in February 2013.
"We're honored to receive the Visa Ready approval for our combined mPOS hardware and software," says iZettle, co-founder and CEO, Jacob de Geer. "We see this as a reflection of our continuous commitment to providing the highest standards for our users and we will be taking our solution to other Visa Inc. markets soon."
Earlier this year another major card network, MasterCard, announced that iZettle meets its industry standards and MasterCard's best practices for mobile point of sale (mPOS) devices.
Sweden's Financial Supervisory Authority regulates iZettle, whose services are EMV approved, compliant with PCI DSS (Payment Card Industry Data Security Standard).