Valitor, an issuing and acquiring services provider, with the help of Point, an electronic payment solutions provider, to complete a new software piece to be used in contactless payments and smartphone mPayments for customers in Iceland, reports IceNews. The new software has been certified by Visa Europe and is in compliance with Visa PayWave standards. The software will be the first in Iceland to allow merchants to accept payments through contactless Visa cards or smartphones containing SIM cards registered with user’s credit card.
Executive Director of Corporate Solutions of Valitor, Sigurhans Vignir, said to Ice News, “With this development in place, we can prepare merchants with a pilot phase where Valitor will initiate contactless card and smartphone payments in cooperation with all card issuers in the country, as well as with two of the country’s largest network providers Siminn and Vodafone.”
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