Incubated by Germany’s Rocket Internet (the Samwer brothers’ infamous startup accelerator), Payleven turns Android and iOS smartphones and tablets into card terminals, enabling small businesses and mobile service providers to accept card payments just about anywhere, anytime.
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All they need for that is a free mobile app and an equally free card reader ‘dongle’ to start processing payments.
The deal with Elavon is meant to boost mobile debit and credit card acceptance by small and independent businesses in Europe, particularly ‘mobile businesses’ like electricians, plumbers, gardeners, taxis and so on.
Elavon offers end-to-end payment processing (merchant-acquiring) services, without which mobile payments cannot be transacted.
The solution is currently running in Germany, Italy, Netherlands, Poland and the UK.
In a statement, Payleven says it contacted “several card acquiring companies” but concluded that Elavon was the right choice because of its international processing capabilities.
Its solution includes transaction acceptance authorisation and approval, billing and online reporting and customer service.
Elavon’s European activities are conducted through Elavon Financial Services Limited, an Irish registered bank headquartered in Dublin, which is a wholly-owned subsidiary within the U.S. Bancorp group of companies.