Dream Payments Launches Canada's First Off-The-Shelf EMV Payment Terminal That Accepts Interac Debit Card Payments
Dream Payments Introduces Canada's First and Only EMV Mobile Point of Sale Solution That is Sold in Retail Stores and Accepts INTERAC® Debit, Chip and PIN Credit Cards, and Contactless Payments
TORONTO, ONTARIO--(Marketwired - Oct. 26, 2015) - Dream Payments, a Payments Cloud for Small Businesses, today announced the launch of the Dream Mobile Point of Sale ("MPOS") solution. Dream Payments ("Dream") has developed Canada's first and only EMV MPOS that is sold in retail stores and accepts INTERAC Debit, Chip and PIN credit cards, and contactless payments. Dream has also partnered with a leading mobile operator, TELUS, to distribute affordable, secure, MPOS solutions that help merchants sell in-store and on-the-go.
"For far too long, small businesses in Canada have been forced to choose between insecure magstripe card readers or purchase expensive EMV payment terminals with monthly fees," said Brent Ho-Young, CEO, Dream Payments. "That stops today. At Dream, we put merchants first. We provide a cloud based Mobile Point of Sale that is secure, simple to use, and is available for small businesses."
The Dream solution consists of an MPOS application for iOS® and Android™ based smartphones and a Bluetooth® enabled EMV Debit and Credit Card Reader. The Dream card reader is available through TELUS at an introductory price of $99.99. Payment processing fees are low cost; $0.25 for INTERAC Debit card transactions and 2.75% for Visa® and MasterCard® credit card transactions.
"We champion payments innovation that delivers value and meets the needs of the merchant community, particularly small businesses," said Mark O'Connell, President and CEO, INTERAC Association and Acxsys Corporation. "With the capability of accepting INTERAC Debit, the Dream Payments mobile point of sale solution offers Canadian merchants an affordable, secure, cloud-based payment acceptance solution."
The Dream Payments Cloud powers the Dream MPOS solution and delivers the commerce capabilities desired by small businesses:
- Full Featured: The Dream mobile app allows merchants to accept payments, issue receipts, customize and manage a product catalogue, and view real-time sales. Dream merchants access an online dashboard to generate reports, view analytics, update settings and manage their business right from their smartphone or desktop.
- Easy Setup: Merchants purchase a Dream payment terminal in-store and start accepting payments within minutes. Dream also delivers application, terminal firmware, and security updates remotely through the cloud.
- Secure: Dream provides end-to-end encryption and the latest security technologies to ensure merchants are protected. The Dream solution is EMV and PCI certified providing small merchants with data protection capabilities that meet the payment industry's highest standards.
- Future Ready: The Dream Payments Cloud includes an API used to integrate, certify, and power EMV solutions from leading payment terminal manufacturers. With the Dream API, merchants can readily adopt the payment acceptance solutions of the future.
Dream's launch comes as the US payment processing industry begins its migration to EMV. This migration requires US merchants to upgrade their legacy point of sale devices to newer technology that accepts EMV payment cards. Dream is expanding its Payments Cloud and MPOS solutions to the US in early 2016.
To see a live demonstration of the Dream Mobile Point of Sale, please visit Dream at the Money2020 Conference, at Booth #2517, October 25th - 28th. To schedule an appointment for a demo or a meeting with a Dream Payments executive, during or after the conference, please contact [email protected].
Merchants can get started today with the Dream Mobile Point of Sale solution by signing up at www.dreampayments.com.
About Dream Payments
Dream Payments, a Payments Cloud for Small Businesses, provides Mobile Point of Sale solutions that enable merchants to accept EMV debit and credit cards. Dream's solutions are secure, EMV and PCI certified, accept Chip and PIN cards, and Contactless payments. Dream partners with banks, acquirers, and mobile network operators to distribute MPOS solutions to small business customers. Dream is headquartered in Toronto, Canada and its investors include Real Ventures, Blue Sky Capital, Rouge River Capital, DonRiver Inc., and angel investors. For more information, visit www.dreampayments.com.
INTERAC and INTERAC Debit are registered trade-marks of Interac Inc. Used under license.