Micros Systems UK Ltd. and mobile payments provider Payleven have developed a cloud-based point of sale system that includes mobile chip and PIN card acceptance.

Small business retailers can register online for the system, based on Micros’ Kachng retail POS technology, and download the applications needed to set up a pay-as-you-go mobile point of sale for smartphones or tablets, the companies announced May 15.

Retailers are not required to sign a long-term contract, but would establish a Kachng subscription of £49 (U.S. $74) per month per POS station and pay Payleven’s 2.75% charge per transaction. Payleven charges £89 (U.S. $136) for its mobile card reader. Retailers can cancel the monthly subscription at any time.

The system provides Web-based up-to-date figures for sales, store inventory and card payment settlements, in addition to marketing tools for promotions, discounts and single-use vouchers.

“This new partnership means that any small business owners can now benefit from accepting customers’ credit cards without the commitment to long-term banking agreements,” Frank Ward, CEO of Micros, said in a press release.

The new system is currently available to all existing and new UK customers of both Micros and Payleven. The companies plan to make it available in other regions of Europe in the coming months.

Last month, UK-based Payleven made a move to attract larger businesses to its mobile chip and PIN technology by providing the software to manage multiple card readers from a single master account.

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