National Bank has launched Easy Pay, a mobile point-of-sale solution for the bank’s small and medium-sized business clients powered by Montreal FinTech Mobeewave.
Easy Pay allows merchants to accept payments in person using a compatible smartphone. Once they register for Easy Pay, merchants can download the app to accept payments from customers using an eligible contactless credit card or through the customer’s digital wallet.
National Bank said that Easy Pay is meant to give small and medium-sized businesses a practical and secure way to accept payments. The solution uses near-field communication (NFC) technology to ensure that personal user information is secure and sensitive information is not saved on the merchant’s device.
“We’re very proud to be the first Canadian financial institution to offer this convenient, quick, and secure mobile point-of-sale solution to Canadian SME owners.”
“We’re very proud to be the first Canadian financial institution to offer this convenient, quick, and secure mobile point-of-sale solution to Canadian SME owners,” said Lionel Pimpin, senior vice president of digital channels at National Bank. “By collaborating with Montreal FinTech Mobeewave and our long-standing partner Global Payments, we’re able to quickly roll out this innovative project for our clients.”
The Easy Pay solution complements National Bank’s Apple Pay digital wallet service that launched in August 2017.
“We’re very pleased about our recent partnership with National Bank,” said Benjamin du Haÿs, CEO and co-founder of Mobeewave. “From the get-go, it’s been clear that the Bank understands our business environment, which makes it easy for us to collaborate. They have a genuine desire to innovate and partner up with FinTechs to integrate new services.”
The bank has invested in several startups, including Montreal-based Flinks and Toronto-based Nest Wealth. Mobeewave, which allows merchants’ mobile devices to accept secure contactless payments, raised $6.5 million in February 2015.