‘Australia’s leading provider of integrated EFTPOS solutions’
Welcome to the June edition of PC-EFTPOS news. Another busy month for us. We’ve been meeting with our banking partners, merchant customers and extended transaction set providers. Fair to say it’s an exciting time in payments. As always, PC-EFTPOS will be front and centre, enabling merchants to accept payments from customers in the way they choose to transact.
We hope you enjoy this edition.
PC-EFTPOS Tipping Solution
Did you know that PC-EFTPOS software supports tipping?
The majority of banks PC-EFTPOS enabled PIN pads will provide tipping functionality, however PC-EFTPOS can provide you with a more feature rich tipping solution.
The PC-EFTPOS Tipping feature is an add on to the standard PC-EFTPOS EFT-Client subsystem that allows for tipping to be implemented as a pre-transaction function. The solution presents the tipping on the EFTPOS terminal using the PC-EFTPOS Slave Application. There are no PIN pad changes required for this feature to work. The POS will require changes to handle the tip amount that is returned for each sale, but there are no changes from the POS to start a sale with tip enabled unless the POS wishes to implement some customisation, that we can support.
Please contact us if you’d like more information on this solution.
Featured ETS Partner
PC-EFTPOS’s Extended Transaction Set (ETS) partner network allows merchants to offer non traditional transactions and functions via their POS application, such as gift card, iTunes, phone card recharge, buy now, pay later and pay with points transactions.
This month we are featuring InComm.
InComm began in 1992 rather simply, in a garage with a single computer generating a single point-of-sale terminal integration. Since then, the company has grown to be the market leader in new payment technologies and solutions.
Innovation has been the foundation on which InComm has grown. With more than 246 domestic and international patents, their technology has helped form a new brand of commerce that includes gift cards, prepaid wireless products, reloadable debit cards, digital music downloads and various payment solutions.
InComm’s strong technology base has allowed InComm to grow from a single garage to an international company offering the industry’s largest prepaid product suite in just over two decades. Instead of a single computer, they have more than 500,000 points of distribution, more than 1,000 brand partners and 2,300 employees globally.
InComm is proud of the content partnerships they support in market and today offer gift cards in a number of categories. Some of the feature brands being distributed today through InComm are Apple iTunes, Google Play, Sony Playstation, Microsoft Xbox, Valve and many more across a wide variety of categories. There is a gift card to suit every occasion.
If you would like to know more about InComm and how PC-EFTPOS can assist in implementing please get in touch.
What’s new in payments
Least-cost Routing of Debit Payments
Most debit cards issued in Australia allow for payment to be processed through one of three networks: eftpos, Debit Mastercard or Visa Debit. And many of these cards allow for eftpos transactions and one of the other schemes. These cards are called dual-network debit cards.
When one of these dual-network debit cards is inserted into a terminal the customer is able to select which network is used through account selection (CHQ, SAV or CR) however a contactless transaction can only be processed via the Visa or Mastercard networks. Most terminals and dual-network debit cards now have contactless functionality for eftpos as well.
The RBA defines Least-cost Routing as:
“When a customer makes a contactless (‘tap-and-go’) payment with their dual-network debit card, the merchant may choose to send the transaction via the debit network that costs them the least to accept. This is least-cost routing (also known as merchant routing). If the merchant chooses not to route, the transaction will be sent via the default network which is programmed on the card, typically the Debit Mastercard or Visa Debit network.
If a merchant uses least-cost routing, it should not affect which deposit account the funds are paid from, and the three networks offer similar protections to the cardholder from fraud and disputed transactions. A customer can always select a particular debit network by inserting their card and selecting a network rather than tapping their card. And least-cost routing only applies to dual-network debit card transactions; it will not affect customers using credit cards.”
Most banks have indicated they intend to offer least-cost routing to their business customers with the solution to be delivered in late 2018 or early 2019.
What are we up to
PC-EFTPOS is coming to the city. Our new office in Sydney’s CBD is located at Suite 1204, 109 Pitt Street, Sydney. Our current head office in Narrabeen will remain.