Moneris Solutions Corp., a credit and debit card processor, announced today the availability of the PAYD product family for the U.S. market. PAYD Pro and PAYD are two smartphone-based mobile point-of-sale (mPOS) products, according to the press release.

"Moneris is pleased to be one of the first to bring an EMV-enabled mPOS solution to the U.S. market," Chris Lee, president of North American strategic partnerships for Moneris, said in a statement. "PAYD Pro offers the latest security features and payment technology, while providing the convenience of quick and efficient mobile transactions. It gives merchants greater flexibility in payment acceptance, while fulfilling consumer preferences and improving customer experience." 

PAYD Pro pairs the PAYD App with a portable Bluetooth-enabled PAYD PIN pad, enabling businesses on-the-go to turn their smartphone or tablet into an easy-to-use mPOS device that supports EMV-chip and signature, contactless and swipe debit and credit card transactions, according to the announcement.

Moneris is working with BMO Harris Bank to offer both products to its business customers, according to the announcement.

PAYD Pro and PAYD are available today for iPhone and iPad and merchants can find the app in the App Store. PAYD for Android is expected to be available in late summer 2015, according to the announcement.