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Nedbank launches mobile POS service

Friday 8 February 2013 13:03 CET | News

South African financial institution Nedbank has launched a new service that enables businesses to process debit and credit card transactions by using a smartphone connected to a secure card reader.

The PocketPOS service has been certified by MasterCard, Visa and American Express and has the security included in a standard POS device.

The service comes in the form of two different secure card readers. The first is a small device with a secure PIN pad that requires the merchant to capture an email address into the smartphone application and, on acceptance of the transaction amount, sends a digital receipt to the captured email address.

The second, alternative, device provides the ability to print out a physical receipt. Both card reader devices have a secure PIN pad for PIN entry and utilise Bluetooth technology to connect to the smartphone.


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Keywords: Nedbank, mobile PoS, South Africa
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce