Swiff m-payment solution wins Visa approval
Manama, September 4, 2013
Swiff, SCCP Group’s innovative mobile payment solution, has received approval for its Chip & PIN solution for use with Visa payments through the Visa Ready Program.
The Swiff mobile payment Chip & PIN terminals will alleviate payment barriers for merchants, acquirers and customers by displacing cash and cheques with mobile payment acceptance, said a statement.
This new step in the partnership between Swiff and Visa follows the announcement by Visa recently that Swiff had been selected as one of the leading mobile point-of-sale (mPOS) providers to join the Visa Ready Program. The program is designed to provide innovators with an easy way to collaborate with Visa and gives merchants and consumers the peace-of-mind they need when transacting with a mobile phone, said the statement.
“We believe that the approval by Visa rewards the level of security and flexibility of our Chip & PIN solution, said Etienne van den Bogaert, Swiff chief technology officer. Both Swiff’s hardware and software have been approved by Visa to ensure the solution meets all quality and security metrics for mobile payment acceptance.”
As mobile acceptance continues to increase at exponential rates, particularly among micro and small merchants, it is essential to arm these merchants and acquirers with technologies that meet Visa’s high standards of security and reliability. In the last year, the number of mPOS terminals increased 111 per cent, and is expected to grow over 300 per cent by 2017, it said.
“As a member of the Visa Ready Program, Swiff is now operating under the guidance and best practices of Visa. To couple Visa’s tools and value-added services and Swiff’s ironclad authentication and security system marks a critical breakthrough in mobile payment offerings for both merchants and acquirers,” said Jérôme Clé, Swiff founder and CEO.
Headquartered in Singapore, SCCP Group is a global innovator in secure mobile-based payment technologies. - TradeArabia News Service