As Jack Dorsey’s Square gave to much convenience to the user to accept card payments from their iOS devices,iZettle decided to launch it’s iOS card payments service officially.iZettle began a limited test service in Sweden in August. Now it’s announced that a full roll out will take place in its home country, with the startup mailing card reader devices to all registered users. A wider European launch in “major markets” is planned to take place in early 2012.Zettle differs to Square in that it uses the chip system popular in Europe for authorization of payments, whereas its US rival reads the magnetic strip on the rear of cards. iZettle is currently using chip-and-signature, which opens the possibility of chip-and-pin, which requires the cardholder to enter a four-digit code, being used in the future. This potentially makes iZettle’s solution more secure, although as this payment method isn’t available in the US that’s not a fair criticism of Square,for more information please visit thenextweb.
Source : thenextweb