Swedish bank Handelsbanken plans to resell a VeriFone-built chip-and-PIN mobile card reader to enable the country's micro merchants to accept card payments through smartphones and tablets.
Handelsbanken will work with VeriFone Systems Inc.'s Point to provide small businesses with Payware Mobile devices as well as managed services, deployment and software support, VeriFone says in a Feb. 25 press release.
VeriFone continues to expand upon its 2012 acquisition of Point. Last summer, the terminal maker announced it would begin to offer clients managed services through a payments-as-a-service product called VeriFone Point.
The Payware card reader accepts chip-and-PIN and magnetic stripe transactions from payment cards.
Working with Point allows banks such as Handelsbanken to develop new payment services for micro merchants and other small businesses through a trusted brand, Bard Ljostad, managing director of Point in Sweden, states in the release.
Stockholm-based Handelsbanken is considered a leading Nordic bank because of its regional branch network throughout the U.K., Denmark, Finland, Norway and the Netherlands, Ljostad says.