New mobile solution
Digital River have announced the launch of Beanstream Mobile, a suite of mobile payment solutions for iPhones, iPads and Android devices that provide fast and secure transactions in 140 currencies. Beanstream Mobile frees merchants by turning mobile devices into a portable card swipe, cash register and comprehensive solution.
The white-label solution works with an encrypted card reader and a free downloadable app. With the solution and their mobile device, merchants can swipe or key in credit or debit card data on the spot, accept and track cash and check transactions, and capture online sales wherever they go. In addition, merchants can supply receipts, complete with geo-location data, directly from the app via a printed copy, email or text message. The system consolidates all sales workflows and data into one system, making analytics more accessible and comprehensive.
The smartphone app for iOS and Android provides for an efficient and polished mobile sales process by allowing merchants to tailor customer information fields that matter to their business. Beanstream Mobile also offers time-savers such as a one-step signature and gratuities screen, and up to two automatic taxes.
“Existing mobile payment solutions have fallen short for merchants with multi-currency operations, in-store and online sales, and inventories,” said Souheil Badran, senior vice president and general manager, global payments and commerce at Digital River. “Now, merchants will be able to unify their payment channels with one device and accept credit card mobile payments in 140 currencies through an integration with Digital River World Payments’ international bank connections.”
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
