Payroc LLC, a merchant services and payment processing organization, has launched iTransact Mobile Merchant.

The iTransact Mobile Merchant app, a mobile point-of-sale product for iOS and Android devices, is available to download from the Apple App Store or Google Play. A compact EMV chip and magnetic stripe card reader with Bluetooth connectivity is also available, according to a press release

Illinois-based Payroc said iTransact will be marketed through the company's nationwide network of trusted referral partners, as well as direct to retailers, according to the release.

Payroc did not give any details in the release about transaction rates for merchants using its service or the card reader's cost.

"[The product] delivers both convenience and security to merchants with mobile payment acceptance needs," said Jared Poulson, chief product and technology officer, in the release. "Integrating mPOS capabilities with our gateway and payment facilitator (PayFac) platform gives merchants superior omnichannel payment acceptance that they want and need."