Electronic Merchant Payment Service

Using the latest in GPRS technology to facilitate the acceptance of and processing of electronic payment transactions. This terminal combines the standard security features of the standalone dial-up terminal with a high level of mobility.

The GPRS terminal is ideally suited to merchants that need a high level of mobility to enhance the customer experience and these that require the ability to deliver their goods and services to the customer.

This terminal is able to take advantage of a dedicated Internet connection that enables a merchant to have multiple terminals operate while utilising a single IP connection. This means of communication allows a merchant to benefit from quicker transaction times with the average transaction being processed in 3 seconds or less (this represents a reduction in processing time on average of 9 seconds) and a fixed month communication cost.

Creation of a Multi-terminal IP environment is best suited to merchants operating a multi-lane service and requiring not just a quicker throughput but also the savings afforded by having a fixed month communication cost.

Building on the experience gained from implementing a Multi-lane, multi-terminal environment Republic Bank is now able to offer a single standalone IP terminal which utilises best practices in data encryption security. This allows merchants operating in a single terminal environment to also benefit from increased transaction speeds and reduced month telecommunication charges associated with both the processing of transactions and maintaining an internet connect.

This terminal is ideally suited to merchants that require the ability to accept electronic payments at a fixed location but require quick transaction times and would prefer to have all communication be internet based.