Press Release - Collective P.O.S. Launches Mobile Payment Solution for Apple, Blackberry and Android Smartphone Devices
VirtualMerchant Mobile allows Canadian Merchants to process credit card payments anywhere using an existing smartphone device
Toronto, ON - December 16, 2011
Collective Point of Sale Solutions Ltd. (Collective P.O.S.), a leading Canadian provider of payment processing services, has launched VirtualMerchant Mobile, a mobile P.O.S solution that allows small and medium-sized businesses to process credit card payments anywhere, anytime using an existing smartphone device.
“We worked very hard to deliver a payment solution that enables businesses to utilize their existing hardware, technical infrastructures and communications providers,” said Michael Back, CEO and President of Collective P.O.S. “With this product, merchants can turn any iPhone, iPad, iPod Touch, Android or Blackberry device into a secure, affordable point of sale terminal.”
Setup for the solution is quick and easy - merchants who have been approved for credit card processing simply download an application from the relevant app store and enter the account information provided to them by Collective P.O.S.
VirtualMerchant Mobile includes both hardware and software features to ensure complete end-to-end transaction security. To protect merchants and cardholders, no payment information is stored on the mobile device. At the time of swipe, card data is encrypted through the provided card encryption sleeve and immediately sent to a firewall-protected, secure hosting environment.
“This solution is perfect for taxi and livery services, companies that offer delivery, participate in trade shows or flea markets, home-based businesses and any other business that wishes to accept credit cards on the go,” said Michael Back.
In addition to portability and information security, VirtualMerchant Mobile offers the reliability that is synonymous with all Collective P.O.S. offerings, making it an ideal solution for any on-the-go business or service.
# # # - 30 - # # #
About Collective Point of Sale Solutions Ltd.
The company’s mission is to provide entrepreneurs and owners of small to medium-sized businesses with affordable, convenient and more customized alternatives to the debit and credit card processing services currently offered by major banks and other payment processors.
Collective P.O.S. serves more than 10,000 businesses across Canada, including retail stores, restaurants, hospitality providers, mobile services, e-commerce merchants, mail order/telephone order businesses, professional firms/clinics/practitioners, B2B product/service providers, tradespeople and many other industries.
For press release inquiries, please contact us at: