By providing Verifone's innovative, secure, EMV-enabled mobile payment solution, Banrisul empowers its merchant customers to securely accept payments using smartphones and tablets in virtually any type of environment. Banrisul selected the platform following a successful pilot test by door-to-door cosmetics merchants and taxi cab drivers during the height of the tourist influx surrounding the 2014 World Cup.

"Banrisul is a retail bank that continuously seeks to innovate and offer its customers the best solutions and technologies compatible with the dynamics of modern life," said Carlos Malafaia, Director for Banrisul Cartões. "The results of the pilot exceeded expectations and we are eager to move forward and bring mobile payments to a new market segment in Brazil."

The sleek, ergonomic design of mobile payment solutions from Verifone enables merchants of all types to utilize a wide range of smartphones and tablets to extend payment acceptance to new environments. Featuring a secure EMV, chip-and-PIN, and fully encrypted mag-stripe card reader, the solution provides payment flexibility to merchants, while an integrated PIN pad enables card-holders to enter their own PINs.

"After demonstrating the business potential of Verifone's mobile payment platform to Banrisul's executive leadership team, the bank's staff led the effort to develop a mobile payments application and was able to get the pilot up and running in record time," said Jone Fachi, General Manager of Brazil for Verifone. "With the bank's insight into market opportunities and our lengthy relationship, this provides the ideal opportunity to introduce the mobile payments to local merchants."