Collective Point of Sale Solutions, a Canadian provider of payment processing services, has launched VirtualMerchant Mobile, a mobile P.O.S solution that allows small and medium-sized businesses to process credit card payments using an existing smartphone device.

“We worked very hard to deliver a payment solution that enables businesses to utilize their existing hardware, technical infrastructures and communications providers,” said Michael Back, CEO and President of Collective POS. “With this product, merchants can turn any iPhone, iPad, iPod Touch, Android or Blackberry device into a secure, affordable point of sale terminal.”

To set up, merchants who have been approved for credit card processing download an application from the relevant app store and enter the account information provided to them by Collective POS.

VirtualMerchant Mobile includes both hardware and software features to ensure complete end-to-end transaction security. To protect merchants and cardholders, no payment information is stored on the mobile device. At the time of swipe, card data is encrypted through the provided card encryption sleeve and immediately sent to a firewall-protected, secure hosting environment.

“This solution is perfect for taxi and livery services, companies that offer delivery, participate in trade shows or flea markets, home-based businesses and any other business that wishes to accept credit cards on the go,” said Michael Back.

In addition to portability and information security, VirtualMerchant Mobile offers the reliability that is synonymous with all Collective POS offerings, making it an ideal solution for any on-the-go business or service.

Collective POS serves more than 10,000 businesses across Canada, including retail stores, restaurants, hospitality providers, mobile services, e-commerce merchants, mail order/telephone order businesses, professional firms/clinics/practitioners, B2B product/service providers, tradespeople and many other industries.

Source: Collective Point of Sale Solutions, Ltd.