Designed to address the complex security and IT requirements of larger merchants, the MPOS enables market traders and multinational retailers to securely accept Chip and PIN card payments with a mobile device.

The MPOS uses the Handpoint API to enable quick installation across multiple mobile platforms, while the point-to-point encryption (P2PE) on the Handpoint Chip and PIN card reader will provide enterprise-level security.

Handpoint CEO and co-founder David Gudjonsson said, "Our system has been designed from the ground up to overcome these challenges; the combination of our API and P2PE security significantly reduces the time and cost it takes for merchants to introduce Chip and PIN payments with mobile devices."

Available immediately for traders, merchants, retail software providers and developers, or acquiring banks in Europe, the Handpoint MPOS has been developed to meet the most stringent mobile payment security standards.