Objective
The objective is to have a product which can enable the merchant to acquire the credit card transaction through mobile phone. Target is to encourage/support micro payment, to have a low cost transaction processing channel and to provide an alternative solution to all existing POS terminals.
Overview
- Merchant is provided with a blue-tooth enabled card reader-cum-printer
- Merchant download the application to mobile phone
- Merchant initiates the transaction by swiping the card on reader
- Merchant’s mobile phone captures & displays the card data
- Merchant submits the transaction from mobile phone
- Transaction traverses via GPRS/GSM channel & terminates to intermediate host
- Payment switch accepts the transaction from intermediate host
- Payment switch processes the transaction like any other normal transaction and sends back the response to the merchant mobile via intermediate host
- Based on the response mobile application displays the appropriate message to the merchant and completes the transaction
Features
- Increase in sale / customer base for a merchant
- Less field issues
- Convenience
- Ease of use
- Competitive Advantage
- Independent from mobile handset and service provider
Target Segments
- Retailers
- Grocers, Kiosks
- Small Restaurants
- Pharmacies
- Crafts
- Lottery Agents
- Hardware Stores
- Estate Agents (Rentals)
- Mobile Workforce
- Home Delivery
- Direct to Home sales
- Home Maintenance (plumbers, electrician, cable, newspaper)
- Vehicle Breakdown support
- Transportation
- Organized TAXI
- Parking Toll
- Others
- Exhibitions, Fair, Circus
- Special Events
Transactions Supported
- Online Sale
- Offline Sale
- Adjust
- Void
- Reversal
- Refund
- Tip Adjustment
- Pre-Authorization
- Sale Completion
- Settlement
- Batch Upload
Transaction Flow:
|
