Brazil's Banrisul selects Verifone's mobile payment solution

Brazilian lender Banrisul Cartões has selected Verifone's PAYware Mobile e105 mobile payment solution to enable secure payment acceptance.

Brazil's Banrisul selects Verifone's mobile payment solution

Brazilian lender Banrisul Cartões has selected Verifone’s PAYware Mobile e105 mobile payment solution to enable secure payment acceptance in door-to-door sales markets throughout Brazil.

Verifone’s mobile payment solution, which was chosen following a successful pilot test by door-to-door cosmetics merchants and taxi cab drivers during the 2014 FIFA World Cup, will allow Banrisul to empower its merchant customers to securely accept payments using smartphones and tablets in virtually any type of environment.

The solution that features a secure EMV, chip-and-PIN with fully encrypted mag-stripe card reader will provide payment flexibility to merchants, while allowing cardholders to enter their own PINs via integrated PIN pad.

Carlos Malafaia, director for Banrisul Cartões, said: “Banrisul is a retail bank that continuously seeks to innovate and offer its customers the best solutions and technologies compatible with the dynamics of modern life. The results of the pilot exceeded expectations and we are eager to move forward and bring mobile payments to a new market segment in Brazil.”