mPOS

Credit cards are a reality today. Having gained popularity as a convenient method of payment, credit cards are predominantly used for in store transactions. One of the major reasons for the surge inusage is the increase in the avenues where the credit cards can be used. However, the owning of credit card swipe machines, maintenance and service issues are acting as a roadblock for further market penetration.

mPOS is a mobile enabled Point-of-Sales (POS) solution that addresses this need. The patent pending technology enables the merchant acquiring banks to increase their market presence at a lowered cost of ownership. It also implements a two factor authentication to improve fraud mitigation in offline transactions.

Features

• Easy to carry a cost effective mobile POS terminal
• Completes the transaction within a few seconds
• Two step authentication with bi-directional communication
• Multiple cards/accounts support

Benefits

• Lowered cost of ownership: Reduced cost of ownership ensures faster breakeven and improved bottom line
• Easy Integration: Simple API for quick integration with existing gateway
• Cost effective: Incremental costs for hardware. Centralized maintenance for the POS terminals
• Security: Strong two factor authentication supported by the highest encryption technology
• Identity verification: Easy verification of the source of the request even for the "Card Not Present" scenario