Australian accounting software firm MYOB has launched a new credit card reader for its mobile payments solution MYOB PayDirect.
The advanced card reader accepts payments from ‘chip and pin’ and ‘swipe and pin’ credit cards.
According to the company, the new card reader supersedes the current MYOB PayDirect audio jack card reader and is compliant with mandatory chip and PIN card payment authorisation from 1 August 2014.
MYOB said that existing PayDirect clients will receive the new device at no extra charge.
MYOB PayDirect turns SMEs’ smartphones into quick, easy payments terminals, offering "deep integration" with cloud accounting solution AccountRight so payments are automatically entered into clients’ books.
Commenting on the launch, MYOB general manager for connected services, Andrew Birch, said: "The streamlined application process, affordable monthly payment plans and no lock-in contracts make PayDirect a must-have solution for all mobile businesses.
"In the next few years, accepting credit and debit payments via mobile devices could become as everyday as visiting an ATM."