Tag: sweden mobile payments

Vendors of the publication can now accept transactions over a smartphone or tablet.

iZettle, a Swedish company that provides social and mobile payments services, has now entered into a partnership with the magazine called Situation Sthlm, which is a publication that is sold in Stockholm by homeless people as a part of a program that provides them with the opportunity to earn money.

The transaction business is now working with the magazine company to help to make those sales easier.

iZettle announced that it will be working with the magazine by providing the sellers of the publication with smartphones and card readers. This will allow those sellers to be able to use mobile payments technology to accept payments on the spot, from the buyer’s credit or debit cards. No matter where the seller may be, as long as he or she has a cell phone signal, it will be possible to accept these digital transactions, instead of having to rely wholly on cash.

This agreement is the result of a successful mobile payments trial program that has now been completed.

The trial using the mobile payments services ran for a full month through five sellers who were provided with smartphones and a card reader from iZettle. This gave them the ability to expand the acceptable transactions from cash to credit and debit, as well. To use the service, vendors simply plug the card reader into the smartphone. The customers could then swipe their cards and either sign on the device screen or use a PIN to be able to complete the purchase.

The smartphones that are used for the mobile payments program are collected – along with the card readers – from the central offices every day at the same time that the sellers obtain the magazines that they sell.

iZettle provides both the hardware and the mobile payments software in this agreement so that the sellers would be able to convert their tablets or smartphones into a type of credit and debit card terminal that works on the go. They also provide their services to other merchants and are compliant with EMV (Europay, MasterCard, and VISA) standards in addition to the PCI-DSS (Payment Card Industry Data Security Standards).

The SEQR service will be using near field communication tech according to the company’s announcement.

An SEQR mobile payments service company based in Stockholm, Seamless, has just announced that its product will now include the use of NFC technology for more transaction options.

The latest predictions from the company say that it will be implementing the contactless tech any day now.

The company has said that the solution is ready and that consumers should expect to start seeing the NFC technology in stores any time now. At the moment, it uses SEQR, which is a method that applies QR codes that are affixed to the terminals at the point of sale in a store. This allows smartphone users to scan the barcodes in order to be able to complete a purchase transaction.

As with the former version of the service, the company’s app is required to use the NFC technology.

In order to make payments using the NFC technology, smartphone users must have an enabled device in which they have downloaded the Seamless app. From there, they can choose to either scan the QR code or they can tap the device to the NFC stickers, which will produce the same results. This action automatically uses funds from the user’s account to pay for the purchase.

Though the QR codes should still be available, the new solution will allow NFC technology stickers to be used instead by devices that are capable of using them. According to the president and CEO of Seamless, Peter Fredell, “This will make us a completely technology-independent option for retailers and users.”

Fredell also pointed out that “It still costs the retailer nothing to introduce SEQR, and no expensive hardware or complicated installation is needed. With the Seamless NFC solution, we have also solved the big security problems that were previously associated with NFC technology.”

The company has stated that its new mobile payments solution has allowed it to become the leading smartphone transaction service in Sweden. It has already been adopted by McDonald’s restaurants as well as by the grocery retailer, Axfood group, which has allowed it to become widespread throughout Sweden. Now, it will be bringing NFC technology to each of these locations, as well.