Making mobile payments and PoS cash register features
Credit and debit card processor, Moneris Solutions, is launching an integrated mobile payment processing solution specifically for mid-size and large merchants (view press release). The solution -used on iPhone and iPod touch devices via Wi-Fi – combines the company’s POSPAD software and Ingenico’s iSMP hardware, to enable retailers and developers to make mobile payments and PoS cash register features.
Magnetic stripe, EMV Chip & Pin and contactless cards can be accepted on the solution and Bluetooth compatibility with wireless receipt printers and an integrated barcode scanner allows for an optimal mobile PoS cash register experience.
“With the growing demand for mobile payment processing services, merchants want and expect solutions that best suit their business and customer needs,” said Amer Matar, chief technology officer of Moneris Solutions. “We are proud to complement our micro-merchant-focused PAYD offering with yet another pioneering mobile solution – giving larger merchants the benefits of an electronic cash register and a versatile payment processing terminal, with the security they’ve come to expect from Moneris. The offering cements Moneris’ position as the leading provider of mobile payment solutions for businesses on the go.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
