updated 11:19 am EDT, Wed May 29, 2013
Tech so far limited to European stores
Payment service Payleven is bringing its chip-and-PIN card reader to European Apple Stores, says The Next Web. The reader pairs with an iPhone, iPad, or Android device via Bluetooth, and lets retailers read chipped credit cards from companies like Visa and MasterCard. Unlike the US, Europe has largely abandoned cards with magnetic strips.
In the UK the reader costs £99, and comes with a £20 credit towards payments, plus no monthly fees or contracts. Payleven does however charge 2.75 percent per transaction. The service operates in the UK, Italy, Germany, Poland, the Netherlands, and Brazil. At the moment, the Payleven hardware is the only chip-and-PIN reader sold by Apple.