New Sign-up Process - payleven Opens Doors to Private Individuals in UK

LONDON, April 17, 2013 /PRNewswire/ --

New state-of-the-art onboarding allows quick registration

Chip & PIN solution now also available for private individuals (non-businesses)

Democratisation of ease and access to card payments will change financial world

payleven(http://www.payleven.co.uk), Europe's technological leader in mobile payment, today announces two important steps to improve the ease and ability to accept cards, introducing a quicker and simpler paperless sign-up process as well as opening payleven to the general public and non-businesses.

Firstly, payleven today has implemented a state-of-the-art registration process, utilising latest generation electronic ID check technology. This eliminates the need for merchants to submit a copy of their ID and proof of address during sign-up and drastically reduces registration time. With this payleven has removed a key barrier to wider card acceptance, by replacing the lengthy, paper-based application processes of traditional card terminal providers - which can take several days to complete and often weeks to get approved. With the new sign-up process, a payleven account can be almost instantly approved and finalised in a much shorter amount of time.

Secondly, from today payleven offers the ability for private individuals to sign up for card payments. Unlike traditional card terminal providers - who often will not work with individuals, refusing to accept them as merchants and only accepting businesses - payleven now offers safe, simple card payments for everyone, allowing both individuals and businesses to become merchants quickly and easily.

Both the new onboarding process and private registration will be available from today in the UK and will shortly be rolled out to payleven's other markets- Germany, Italy, Netherlands, Poland & Brazil.

"It is no secret that cashless payment is the future, and the democratisation of card acceptance is a key element in this evolution," says Alston Zecha, COO and founder of payleven. "Today marks a major milestone for payleven on that journey as we have solved two long-standing problems faced by the payments industry- designing a simple, instant signup process and empowering individuals as merchants."

payleven now offers everyone the ability to accept cashless payments anytime and anywhere, by delivering a card payments solution which offers top-of-the-line Chip & PIN security, affordable PAYG pricing, a quick & easy sign-up process and is open to both  businesses & individuals. Now from flea markets to garage sales, from private sales via classifieds to quickly repaying a friend via card, the possibilities for card payment with payleven are virtually endless.

About payleven

payleven is Europe's technologically leading solution for mobile payments and helps merchants of all sizes to gain new business potential. Based on a "plug & pay" principle, payleven merchants can offer their clients Chip & PIN debit - and credit card payments via their smartphone or tablet devices - offering a mobile, cost-effective and secure alternative to traditional card payment terminals. More than that, payleven offers various features, helping its customers to make their business more attractive as well as simple.

Founded by payment experts and entrepreneurs Konstantin Wolff (CMO), Rafael Otero (CTO) and Alston Zecha (COO), payleven brings fresh air into the traditional world of finance. With 90 employees working in the UK, Germany, Italy, Benelux, Poland and Brazil, payleven is shaping the future of the payment world.

More information is available on http://www.payleven.co.uk

SOURCE payleven