mPOS solution in Taiwan
Swish the mobile Point-of-Sale provider, and SYSTEX, Taiwan’s number one IT service provider, have partnered to bring a chip and swipe mobile point-of-sale solution to Taiwanese (merchants), large and small.
In a deal signed last week, SYSTEX will be Swish’s technical and customer service support arm for the entire Taiwanese market, leveraging SYSTEX’s exceptional technical service delivery for technology in Taiwan.
Swish is supported by both Visa and MasterCard, and is one of the few mPOS providers that has both EMV Level 1 and Level 2 certification, as well as CE, ROHS and Apple MFI certifications. All credit card information is encrypted in the credit card reader device and securely transmitted through the smartphone. The phone does not store any information as it is used as a transmitter to process the transaction.
“mPOS has traditionally benefited SME’s because there are no monthly fees, a low set-up cost, great flexibility, and a quick registration process, it is now a very viable solution for larger enterprises as well” stated Steven Murray, CEO Swish. “We’re pleased also that both Android and iOS will be compatible and supported with us.”
Francis Ben, VP of SYSTEX, stated “Combining a wealth of experience in the payment industry and technical support, SYSTEX is committed to helping our banks clientele implement mPOS solutions. We believe the low cost and flexibility of mPOS will benefit not only our banking customers, but also card holders and merchant stores as well. It’s a win-win solution.”
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
