iZettle launches chip and PIN reader

21 Feb 2013

iZettle has launched a chip and PIN reader in six European countries, a move which makes it more competitive with rivals.

The company has launched the reader in the UK, Germany, Spain, Sweden, Norway and Finland. Previously, it only offered a chip and signature reader on which its small business customers could process card payments from users.

Among the credit card firms, Visa insists on the use of a PIN in transactions.

iZettle’s move follows that of rival Payleven which has just announced plans to introduce its own chip and PIN reader.

In addition, iZettle has announced a partnership agreement with Banco Santander in Spain under which it will offer the card reader to its customers. Santander is the first bank in the country to offer iZettle’s reader.

Author

Richard Handford

Richard is the editor of Mobile World Live’s health and money channels. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade...More

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