U.S. Bancorp subsidiary Elavon and California-based Poynt have announced a partnership to offer small to mid-sized businesses in the U.S. payments acceptance technology with preinstalled security features and a broad range of mobile capabilities, according to a press release.

"I'm thrilled to announce our strategic partnership with Elavon, a global leader in payments," Poynt founder and CEO Osama Bedier said in a statement. "Poynt has advanced the payment terminal by giving it the intelligence of a smartphone. Connected to Elavon's advanced processing services, businesses get unparalleled technology access to help them grow."

The mobile terminal is currently available for small to mid-sized businesses. Additional features – including an app store for inventory management and other items – will be available in the near future.

"Our partnership with Poynt is making sophisticated, mobile payment options typically offered at larger retailers a reality for our customers, like growing restaurant chains," said Wally Mlynarski, Elavon's head of global product and innovation. "With an added benefit of layered security technology, we are able to help businesses build trust among their customers."

Poynt's terminal offers the following: 

• Multi-payment acceptance – Accepts the latest payment methods, including chip and magnetic stripe cards as well as mobile payments such as Apple Pay and Android Pay
• Dual-touch screens – Enable businesses and their customers to easily interact through checkout
• Enhanced mobility and connectivity – Includes Wi-Fi, USB, Bluetooth, a built-in printer and optional 3G so businesses can take payments anywhere
• Powerful security – All terminals sold through Elavon come equipped with Elavon’s Safe-T technology to ensure maximum security, including EMV, encryption, tokenization and PCI protection