EFT / POS Terminal
Target Customer: Korea Mobile Payment Service (KMPS)
KMPS is the second-largest credit-card processor in korea and providing wide range of Credit card payment services.
Target Device: Credit card Payment Terminal
Credit card Payment Terminal consists of Magnetic Card Reader, Graphical Display, Keypad, Smart Card Reader and Paper Roll Cover, which will be connected to Payment Authentication Server using Telephone line or Leased Line.
Credit card Payment Terminal
Motive
In the past, Credit card payment system consisted of Payment terminal, and Payment Authentication Server had been managed via Telephone line or Leased line. The limitations in this system are like higher the maintenance cost, and long transaction time. The secure communication is the main issue when the terminals are connected to broadband Internet.
As a result of growing demand for high-speed data transfer, the use of broadband network such as cable or ADSL is getting more and more popular, all over the world.
Responding to these trends, KMPS introduces Credit card Payment terminal with broadband connectivity using POSLink100, instead of Leased-line. The POSLink100 is the first product which enables the Credit card Payment terminal to be securely connected to broadband Internet by using industry standard security protocol, SSL.
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System Diagram
Previous System
New System
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Sena Products
POSLink
Benefits
- The POSLink equipped Credit card Payment Terminal would be the perfect solution for traditional businesses looking for a faster, easier and economic way to authorize and manage credit card transactions.
- The POSLink reduces long-term merchant support expenses.
- The POSLink gives dramatic cost savings to the retailers paying for the phone-line network for the credit card payment terminals by providing connection to the cost-effective broadband Internet.
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