HSBC launches m-payments product


New product from eMerit enables merchants to take card payments from a mobile device

HSBC Merchant Services, independent payment processor, has launched a mobile product enabling merchants to accept card payments on the go.

Developed in conjunction with eMerit Solutions, the new app turns smartphones and tablets into a mobile card payments terminal, allowing merchants and retailers of all sizes, including freelance merchants and small businesses such as cafes, mobile hairdressers, taxi drivers and market stall traders, to take payments from customers.

The eMerit app is fully EMV, PCI DSS and major card scheme compliant. Payments are processed through a convenient chip and PIN secure entry device. The app will be available to selected merchants in the near future and to all merchants by the end of 2012.

Chris Davies, managing director at HSBC Merchant Services, said: 'We are constantly looking for new ways to help businesses and retailers serve their customers. Our relationship with eMerit Solutions has helped facilitate these initiatives.

'The current economic climate has resulted in increased pressure on sole traders to retain loyal customers. By accepting credit, debit and gift card payments through smartphones and mobile devices, the eMerit app gives merchants the ability to process payments that will ultimately drive forward repeat business, quickly and easily.'

Tim Corke, CEO at eMerit Solutions, added: 'Within the eMerit range, we are delighted to offer a fully compliant app product that provides a new and exciting environment for merchants, whilst still adhering to an experience that cardholders are completely comfortable with.

'Initially targeting UK businesses, our wide range of value-add tools for merchants of all sizes provides a truly compelling business case in a card accepting environment.  We are genuinely excited about our relationship with HSBC Merchant Services, and about working together in full support of the major UK card schemes to maintain and extend the undoubted role that chip and PIN has played in driving down card fraud,' Corke added.


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