Wednesday, March 21, 2012
A week after the launch of PayPal Here, PayPal Inc.'s new mobile card reader solution, Anuj Nayar, the company's. Director of Communications, reported that the company signed up PayPal Here customers at the rate of 1,000 per hour on the first day of the PayPal Here release.
"To say there's been some interest in our new offering would be an understatement," Nayar said. "Clearly there's a need for a secure, global solution that provides small businesses the flexibility to get paid anytime, anywhere, any way."
PayPal Here enables merchants to accept virtually any kind of U.S. payment type. The solution allows merchants to: swipe cards on iPhone and Android devices by using the PayPal encrypted card reader; use the phone camera to scan and process cards and checks; or choose to accept a PayPal payment.
PayPal Here is only available to selected merchants in the United States, Canada, Australia and Hong Kong. It will be released to all merchants in those countries in April 2012, the company noted.
San Francisco startup company Eventbrite Inc., a self-service ticketing platform company, released a new mobile card reader called At The Door Card Reader. The device works in conjunction with the At The Door iPad app.
The At The Door Card Reader is the first hardware device developed and released by the company. When combined with the iPad app the card reader becomes "a complete box office solution." The company added that its card reader accepts credit cards for events of any size or type, merchandise, and VIP packages.
Kevin Hartz, Eventbrite Chief Operating Officer and co-founder, said, "We're essentially taking the devices that are proliferating among consumers and transforming them into perfectly tailored tools for event organizers, at no cost, and with greater impact than anything previously available."
Eventbrite said the card reader can process more than 400 transactions an hour, has a cash drawer reconciliation on the app and fully encrypts swiped data.
Canada's LML Payment Systems Inc. subsidiary Beanstream Internet Commerce Inc. introduced a new credit card swipe system for international mobile card acceptance in March 2012. The new product is now in limited distribution in Canada and the United States.
The company said its new software application and card swipe device system will accept payments on an iPhone, iPad, iPod touch or Android device and deliver them to almost any major processor. It also noted that the solution can accept payments in 150 different currencies while compiling transaction data on the application, and transactions are end-to-end encrypted.
LML President Craig Thomson said the new application was built to fill the gaps left by competing products. "Existing solutions work with either one processor, one currency or one payment brand," Thomson said. "We provide businesses with a truly practical solution that supports all major processors, all major currencies, all major payment types and multiple languages in a single complete application."
The new application is expected to be generally available in the Apple Inc. app store or at mobile.beanstream.com by the end of March 2012.
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