HSBC Merchant Services launches M-POS

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HSBC Merchant Services and one of the largest independent payment processors in the UK, has launched a mobile product enabling merchants to accept card payments on the go.

Developed in conjunction with eMerit Solutions, the new offering turns smart phones and tablets into a mobile card payments terminal, allowing merchants and retailers of all sizes – and even freelance merchants and small businesses such as cafes, mobile hairdressers, taxi drivers and market stall traders – to take payments from customers.

The eMerit device is fully EMV, PCI DSS and major card scheme compliant. Payments are processed through a convenient chip and PIN secure entry device. The device will be available to selected merchants in the near future and to all merchants by the end of 2012.

Chris Davies, MD of HSBC Merchant Services said: ‘We are constantly looking for new ways to help businesses and retailers serve their customers. Our relationship with eMerit Solutions has helped facilitate these initiatives.

‘The current economic climate has resulted in increased pressure on sole traders to retain loyal customers. By accepting credit, debit and gift card payments through smartphones and mobile devices, the eMerit device gives merchants the ability to process payments that will ultimately drive forward repeat business – quickly and easily.’

In similar news, thousands of merchants across the country will be able to take contactless payments as HSBC Merchant Services is upgrading a proportion of its retailers’ payment systems.

The upgrade means thousands of additional customers will be able to pay and all new merchants that sign-up to HSBC Merchant Services card payments technology will be offered contactless readers, in addition to existing merchants using the IWL 220 terminal. Existing customers using a different terminal can upgrade to the IWL for a small additional charge.