Accumulate AB launched a mobile payment app for small merchants and trading events. The app is based on Pera Mobile and functions as a standalone point of sale terminal. Accumulate reports that the purchases are made as a money transfer and can support mobile wallet or cards in mobile solutions.
Upon launching the app, a merchant can enters the payment amount along with a one-time code that is sent to the customer's mobile and then the purchase is sent to the customer for approval. The transaction is stored in both the buyer's and merchant's apps.
The solution is technology independent and supports NFC (active and passive), QR codes, bar codes, and more. Accumulate's app runs on Android, iPhone, iPad, and Windows Phone. In addition to security features, the company reports that no sensitive information is stored or communicated in a purchase.