WATFORD, United Kingdom, May 29, 2012 (BUSINESS WIRE) -- Elavon, a wholly owned subsidiary of U.S. Bancorp USB +0.61% and a leading global payment solutions provider has just announced the full production release of MobileMerchant, following its highly successful, first to market, pilot project, which commenced in January 2012. MobileMerchant is an innovative, secure, complete payment solution that transforms mobile devices into payment terminals, allowing businesses to accept card payments quickly and securely anywhere, anytime, without a major investment of money or effort. MobileMerchant's payment app is paired with a Chip and PIN card reader, allowing payments to be processed using BlackBerry(R) or Android(R) smartphones and tablets.

The solution combines the ease of using a mobile phone for payments, with an affordable, easy-to-understand rate programme, making it the ideal solution for small businesses on the go, or for companies that have mobile field operatives that would like to extend the convenience of credit and debit acceptance to their customers.