FNB follows on the heels of companies like
This comes about two years after FNB penned a deal with
According to CEO of merchant services at FNB,
"It enables companies and individuals to accept card payments from their customers on the go."
FNB's mPOS mobile app will be free to download on iPhone, iPad, Android, Windows and BlackBerry devices, and functions as the control centre that accepts the payment, adds Scoular.
He says the bank's agreement with Powa Technologies will involve FNB embedding the mPowa tools and software into FNB's own merchant services. This "will enable them to tailor the look and identity of the card service while maintaining the sophisticated and patented functionality that mPowa offers".
While the bank declined to put a time-frame to the launch of its mPOS solution, Scoular says it is "in the final stages of certification and design, and will be active with the product in the coming months".
unveiled (../?id=60443:Absa-unveils-Payment-Pebble) its smart card-reader device, the Payment Pebble, in
Last month, local mobile payments start-up Emerge Mobile commercially launched (../?id=135959:Emerge-Mobile-launches-mPOS-solution-) its smartphone payment card acceptance solution, The Edge, which uses the start-up's own financial services brand, iKhokha, as its go-to-market vehicle.
The Edge is a compact chip-and-PIN card reader that plugs into iOS or Android smartphones, and is coupled with the free iKhokha mobile app.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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