Bank of America Merchant Services has launched its Mobile Pay on Demand solution for small businesses.
Bank of America Merchant Services has launched its Mobile Pay on Demand solution for small businesses.
The solution, which launched Dec 2012, will turn a smartphone or iPad into a mobile POS. The service is designed specifically for small businesses and includes a free mobile app and secure card reader. Merchants will have next-day access to funds received through mobile payments through a Bank of America checking account.
Bank of America Merchant Services has launched its Mobile Pay on Demand solution for small businesses.
The solution, which launched Dec 2012, will turn a smartphone or iPad into a mobile POS. The service is designed specifically for small businesses and includes a free mobile app and secure card reader. Merchants will have next-day access to funds received through mobile payments through a Bank of America checking account.
"With Mobile Pay on Demand, we are making it even easier for small business owners to accept secure payments anywhere," said Tom Bell, CEO of Bank of America Merchant Services. "The product is fully integrated with existing Bank of America accounts and services, allowing deposits made into a Bank of America small business checking account to be processed as soon as the next business day."