Implement new features on POS terminals
Acquiring business is one that is constantly evolving. New payment instruments appear regularly, the needs and demands of merchants change, banks are in search of new ways to attract customers and new services to provide.
Clearly there is a need to develop and implement new, non-classical functions on POS terminals.
One of the services ASHBURN International provides is the outsourcing of acquiring networks. Because of this we are engaged not only in the development and implementation, but also in the operation of the TransLink.iQ software solution. Our own experience in using the platform allows us to set relevant goals for development: we develop and introduce new functions for POS terminals, based on the needs of our customers.
The ability to develop additional functionality of POS terminals is embedded in the very architecture of the TransLink.iQ software solution. Thanks to this flexibility, expanding functionality by adding non-classical functions is easy and requires much less resources than software from other developers.
As part of various projects, ASHBURN International specialists have implemented the following features on POS terminals around the world
Automate third party payments
Using the TransLink.iQ solution, POS terminals can be used to automatically pay for services of third parties: tax authorities, insurance companies, customs duties, etc. The user enters the identification number, amount, makes a payment on the terminal, and then the payment information is transmitted to the third-party information system.
Accept Non-Payment Cards
TransLink.iQ enables business to serve both payment and non-payment cards. Non-payment cards, such as discount cards, loyalty cards, bonus cards, can be serviced using bank acquiring hosts or non-bank hosts.
Accept payments from local payment service systems
The Translink.iQ solution allows servicing cards of local payment systems on POS terminals, using ID cards to accrue bonuses, and also provides opportunities for initiating payments using QR codes.
Accept payments on various self-service devices
TransLink.iQ can be used with various terminals of all shapes and sizes including specialized POS terminals integrated with payment kiosks, parking meters, post terminals, vending machines, etc. This makes it possible to pay for services through these self-service devices using payment cards, which increases the profitability of the infrastructure.
Integrate POS terminals with cash registers
The solution allows you to integrate a payment terminal with cash register equipment. Thanks to this integration, the throughput of cash desks increases, customer servicing time is reduced, and the probability of an error in entering the purchase amount at the terminal is eliminated.
Multi-merchant feature support
The TransLink.iQ solution allows you to use one physical device to make payments in favor of several sellers of goods and services. This reduces the cost of renting a POS terminal, since several merchants can use the same device at once.
Choosing the merchant who will receive the payment, can be done in various ways, even by using specialized merchant ID-cards.
Multi-banking feature support
The TransLink.iQ solution allows you to send transactions to various acquiring banks depending on the card parameters, which reduces the cost of transaction processing for merchants, and also in some cases makes it possible to save on acquiring fees.
TransLink.iQ enables POS terminals to identify the language of the card holder and show the interface and receipt templates in that language. In addition, the merchant can select the menu language of the POS terminal from a list. This makes the use of payment terminals even more convenient and increases the loyalty of payers.
Transaction Stream Recognition
The identifiers of third party systems can be assigned to transactions (identifier of an insurance policy, a customs duty, a fine, personnel IDs) – this way the transaction flow is easier to work with and identify. Payment information is exported to third systems where it can be used to identify payments.
Dynamic Currency Conversion
POS terminals administered using the TransLink.iQ solution support the DCC (Dynamic Currency Conversion) function, which allows the payer to see the amount to be paid, denominated in a currency convenient for him/her.
- Development and modernization of the acquiring infrastructure
- Improving the efficiency of the acquiring network
- Increasing the profitability of the acquiring network
- Reducing the cost of maintaining the fleet of POS terminals
- Workflow optimization
- Improving customer service and increasing customer loyalty
- New client acquisition
- Comprehensive monitoring and analytical reporting
TransLink.iQ for acquiring bank
TransLink.iQ for processing centers
TransLink.iQ for PSP companies
TransLink.iQ for large retailers
TransLink.iQ for online acquiring banks
Software Delivery Formats
The buyer is provided with a ready-made software solution that is hosted on the buyers personal servers.
The buyer is provided with a ready-made software solution that is hosted on ASHBURN International servers.
Software Payment Formats
Payment for access to the platform based on the number of licenses purchased.
Payment for access to the platform based on the number of POS terminals connected.
Payment for access to the platform based on the number of transactions.
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