Digital River (DRIV), provider of cloud based marketing and payment solutions, today announced the launch of its mobile payments suite, Beanstream Mobile, that provides fast and secure transactions in 140 currencies. The suite will be available for merchants using iPhones, iPads and Android devices and works with an encrypted card reader and a free downloadable app. Beanstream Mobile provides merchants the option to use their mobile device as a portable card swipe, cash register and comprehensive payment solution. The new suite will enable merchants to accept and track payments on the spot without the need for any additional devices. They can key in the data regarding a customer’s credit card or debit card and enable payments from their mobile device. As per the company statement, this product will fulfill the gap in current mobile payment suites, which cannot handle multi-currency operations of merchants. Digital River stock price saw a fall of 0.45% in yesterday’s trading session to close at $17.80.
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