The company is planning to launch its service in Germany at selected DZ Bank branches, while Deutsche Telecom, will distribute iZettle readers in its shops across the country.
iZettle provides hardware and software that can be used by small merchants to turn smartphones and tablets into mobile credit-card terminals. iZettle’s services are compliant with EMV (Europay, MasterCard and VISA) standards as well as with the Payment Card Industry Data Security Standard (PCI-DSS). No sensitive data is stored on the mobile device or iZettle reader, and all data traffic is encrypted.
In recent news, iZettle has extended its Series B round of EUR 25 million with the addition of American Express as its newest investor. AmEx is joining MasterCard, US-based venture capital firms Greylock, Northzone and SEB Private Equity in the round. The value of the investment has not yet been disclosed.
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