Printed from http://www.electronista.com

PayPal prepares Here mobile payments for European launch

updated 09:46 am EST, Fri February 22, 2013

Initial roll-out in UK uses new Chip & Pin device

PayPal is rolling out a new version of its Here mobile payments system for Europe. Starting in the UK, the payments service will be providing businesses a pocket-sized device that will offer Chip & PIN protection for payments through a retailer's mobile phone, instead of the triangular attachment used in the United States.

The new card-reading unit connects to an Android or iOS device over Bluetooth, with the dedicated PayPal Here app performing the main payment transaction itself. The separate device allows the customer to enter their PIN in without making contact with the merchant's mobile device, and resembles existing Chip & PIN payment systems on the continent.

The new version of PayPal Here will be trialed with a number of UK businesses before rolling out to other merchants and into Europe by the Summer. The card reader will be a one-off charge to retailers, currently unknown, followed by a small fee per transaction, something PayPal will reveal closer to launch.




By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News