STOCKHOLM--(BUSINESS WIRE)--Seamless, which is listed on the Nasdaq OMX, will soon be launching a payment solution for smartphones, tablets and computers - "SEQR Mobile Pos" - for small businesses. That means that people such as craftsmen, market traders and café owners can use their mobile phone to safely and conveniently accept mobile payments. It is totally free to set up, and its transaction fees are much lower than for card payments. Thanks to SEQR technology, the solution meets the highest security standards, and the purchaser need never worry about unauthorised transactions with SEQR.
Small businesses and their customers wanting to minimise the use of cash have been left at the mercy of the high fees charged by card companies, which have solutions that require investments in hardware and where security is sub-standard in many cases, which has in particular caught the attention of the Swedish police.
"We have noticed that there is high demand among small businesses wanting to be able to receive payments cost-effectively, quickly and securely via their mobile phones. All of the options offered to small businesses in Sweden result in them being hammered with expensive card fees from card companies," said Peter Fredell, CEO of Seamless.
"SEQR Mobile Pos" doesn't require any start-up fees, monthly fees or a period of notice for cancellation, and it cuts the fee paid in half in comparison to card payments. The solution is very easy to use - no devices or dongles that can break or get lost. There is no risk for small businesses, because the payment is drawn directly from the purchaser's account at the time of the sale, and SEQR guarantees the payment.
"We guarantee that sellers will always get their money when a payment is made. This is something that we know other solutions cannot do, and it is thanks to the high level of security of the system. In addition, our solution has extremely reliable up-time. Our transaction exchange system processes over 3 billion transactions annually," said Emil Wikström, Business Unit Manager for SEQR.
"The Mobile Pos" uses HTML 5 technology, which makes it usable on all smartphones and tablets. In addition, "Mobile Pos" can also be used on ordinary computers and can easily be connected to all tills/cash registers as a payment terminal.
It is very easy to use. The seller enters an amount and clicks on "ta betalt" (receive payment). The Merchant registers with Seamless SEQR. After that, all you have to do is start receiving payments with “The Mobile Pos”. A QR code is shown that the purchaser scans, and the purchaser OKs the payment with his/her PIN code.
Seamless is one of the world's leading providers of payment solutions for mobile phones, handling more than 3.1 billion transactions each year via 525,000 active POSs. This combined with eleven years' experience and a presence in 26 countries gives Seamless a strong position in the mobile payments market. It is the company's unique transaction platform that makes SEQR possible. Seamless is traded on Nasdaq OMX Stockholm, under the SEAM ticker.
SEQR, developed by Seamless, is the fastest and easiest mobile payments solution currently available on the market. All customers need to do is use the SEQR app to scan the QR code at the POS terminal and approve the payment by entering their PIN. SEQR works just as well for physical transactions as for e-commerce, and is both faster and more secure than card payments. The technology behind the solution means that there is no investment cost for retailers. All that is required is a QR code sticker at the POS terminal. In addition, the low transaction charges allow the retailer to save money.
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