Verizon and Intuit to offer mobile credit card processing for small businesses

 

Verizon Wireless and Intuit announced a strategic
alliance to give small businesses the ability to process credit card payments
on smartphones and tablets.  

 

The companies are now offering Intuit’s GoPayment app and
pocket-sized credit card reader in Verizon Wireless’ 2,300 retail stores and
business-to-business sales channels.

 

GoPayment makes it easier and more affordable for small
businesses to process credit cards and for anyone who sells products or
services to accept credit card payments wirelessly. The card reader plugs into
the audio jack of a supported smartphone or tablet.  

 

Credit and debit cards can be swiped through the card
reader or entered into the app manually.  The transaction is processed
immediately and funds are automatically deposited into a user’s bank account
within a few business days.  

 

GoPayment supports devices on Android, BlackBerry and iOS
platforms for most popular 3G and 4G LTE smartphones and tablets.

 

“Intuit’s GoPayment on America’s most reliable
network is a mobile transaction game changer, and brings another dimension of
must-have technology to the small business community,” said Mike Schaefer,
executive director of the Business Solutions Group for Verizon Wireless.

 

Payments and transactions are often the biggest hurdle
businesses face. Verizon’s value proposition is to streamline, simplify and enable
business owners to get paid with minimal delay. This collaboration with Intuit is an
important part of its strategy to bring the most innovative online and mobile
tools to customers.  

 

“Rather than lose out on potential business, anyone
who sells a product or service can now easily and affordably give their
customers the option of paying with plastic,” said Chris Hylen, general
manager of Intuit’s Payment Solutions division.

 

To save time when processing payments, GoPayment offers
the ability to create and sell from a list of frequently sold items.
Depending on the types of goods and services sold, users can choose to
apply sales tax, add tips and send customized receipts via text message and
email with a map of where the transaction took place. 

 

To protect data, sensitive credit card information is
never stored on the phone.  The data is also encrypted once via the card
reader and a second time via the GoPayment app.

 

For the more than four million small businesses that use
QuickBooks, GoPayment can also sync transactions with recent versions of
QuickBooks PC, Mac and soon QuickBooks Online to save time by reducing manual
data entry.  GoPayment also supports up to 50 users on one account, which
is ideal for businesses with multiple employees who work in the field.

 

Recently, Verizon announced that
it is adding Mobile Satellite Solutions to its Private IP service suite,
combining a highly reliable connection with portable satellite technology to
provide services where traditional terrestrial services are unavailable,
unreliable or expensive.

 

By Telecomlead.com Team
[email protected]

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