Two startups race to offer pan-European chip-and-PIN transactions on mobile phones

Both startups aim their mobile payment technologies at European SMEs

By Loek Essers, IDG News Service |  Mobile & Wireless, ecommerce, mobile payments

Like Payleven's service, Elavon's MobileMerchant allows cardholders to authorize transactions using a Bluetooth-connected PIN pad. Using a separate PIN pad ensures that no confidential information is captured and stored by the smartphone, the company said. But unlike Payleven, Elavon offers its technology to users of BlackBerry and Android smartphones and tablets for the moment. Its PIN pad supplier Thyron Systems states on its site that iOS integration is coming soon.

Elavon charges SMEs a £25 one-time setup fee and £10 a month for PIN pad rental, plus a 2.95% transaction fee for its chip-and-PIN service. Companies with bigger sales volumes can get a tailored deal, with cheaper transaction fees but added costs for system maintenance.

Loek covers all things tech for the IDG News Service. Follow him on Twitter at @loekessers or email tips and comments to loek_essers@idg.com

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