payworks Empowers Payment Providers to Roll out a Fully Compliant Chip & PIN Mobile POS Solution

payworks Empowers Payment Providers to Roll out a Fully Compliant Chip & PIN Mobile POS Solution PR Newswire MUNICH. Germany, October 11, 2012 MUNICH. Germany, October 11, 2012 /PRNewswire/ -- The German white-label mobile payment company payworks introduces a mobile Chip & PIN solution that allows processing of major credit cards as well as local debit card schemes. In contrast to existing solutions, payworks' new mobile Point of Sale infrastructure allows payment providers to roll out a solution that is compliant with highest security demands set by major card associations such as VISA. The solution enables payment acceptance with a smartphone or tablet and comes with a secure PIN entry device, for both EMV Chip and magnetic stripe cards. Instead of deploying the solution to merchants directly, payworks opens up its Chip & PIN infrastructure to providers of mobile Point of Sale solutions enabling them to run the fully compliant technology under their own brand. After having successfully launched its white label mobile Point of Sale (POS) application at this year's Oktoberfest, the Munich-based company payworks introduces a Chip & PIN infrastructure for mobile Point of Sale processing. The solution is realized in collaboration with the leading processor of payment transactions PAY.ON.