May 14 , 2012
Pivotal Payments partners with NetSecure to develop branded mobile payment app
MONTREAL , April 17, 2012 – Payment processor Pivotal Payments, has embarked on a partnership with NetSecure Payments to develop a mobile payment application for smartphones and tablets. This application will allow merchants to swipe, authorize and settle credit card transactions without the use of hardwired terminals. It will be released in Canada during Q2 2012 and U.S. availability will follow. Mobile payments are expected to quadruple to $630 billion by 2014, providing an opportunity for sales expansion, reduced credit losses and growth through innovation.
NetSecure's payment application will be branded to Pivotal Payments and allow merchants to accept credit cards from virtually any location, offering flexible and secure card payments with a cellular-connected mobile device such as an iPhone, Blackberry, Android or iPad. With the addition of an encrypted card swiper that connects into the audio port, the integrated solution is versatile and supported across a multitude of smartphones and tablets.
Led by Android and iPhone devices, over 100 million Americans currently use smartphones and in Canada accounting for nearly 40 percent of the mobile market. "We believe that payment mobility appeals to a large base of our existing and potential new customers and by partnering with NetSecure, we can continually adapt to meet the growing needs of our marketplace," said Philip Fayer, president and CEO, Pivotal Payments.
Pivotal Payments will offer this service to merchants directly through its own sales channels and through its base of over 1,500 partners in the USA and Canada.