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Verizon is first US carrier to offer global financial technology platform

Verizon Business announced the direct-to-customer availability of the SumUp Plus Card Reader to new and existing Verizon small and midsize business customers. SumUp is a leading European financial technology platform currently utilized by more than four million merchants globally. Through this partnership with Verizon Business, merchants can directly leverage SumUp’s proprietary card terminals and mobile point-of-sale app. Since being founded in 2012, SumUp’s merchant network crosses thirty five countries and the firm’s transformative technology has attracted more than $1.6 billion in capital raised.

Verizon Business customers can purchase the SumUp Plus Card Reader directly in-store or online through their Verizon Business account for a one-time cost of $19.99 (plus tax). Upon activation, merchants will have the ability to accept payments through a Bluetooth connection paired with any Verizon smartphone or tablet. Featuring a flat 2.75% per in-person transaction fee, the SumUp Plus Card Reader offers Verizon Business merchants transparent pricing and seamless integration to conduct business in a frictionless fashion.

“For our business customers, digital transformation ranges from how they collaborate with employees to how they transact with their customers. Through this partnership with SumUp, we’re helping make transactions seamless for merchants of all sizes and are thrilled to be their first American carrier,” said Wendy Taccetta, Senior Vice President for Nationwide Small Business, Verizon Business.

“Verizon’s commitment to providing best-in-class technology solutions to small business merchants made them a natural launch partner in the United States,” said Andrew Helms, Managing Director, U.S. at SumUp. “Their vision of the role that networks will play in the future of financial technology aligns with our mission of democratizing technology solutions for businesses of all sizes globally.”

SumUp becomes the latest in a lineup of best-in-class offerings that Verizon Business offers small business merchants to effectively run their business. These range from Verizon’s 5G Business Internet solution to One Talk, a cloud-based phone system, to BlueJeans for virtual collaboration.

CT Bureau

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