"With 90% of today’s merchants still using dial-up POS systems, upgrading merchants to IP and wireless based card transactions represents the single biggest opportunity in a highly competitive market. A 2-3 second transaction capability is especially attractive to the retail, hospitality and restaurant markets because of the capability to reduce transaction processing wait time during peak periods.

PowerPay and Verifone®, the leader in point of sale (POS) technology for the credit card industry have created a strategic arrangement to make Verifone® equipment available to all PowerPay merchants that want to upgrade their dial-up systems to IP and wireless high speed (2-3 second) credit card transaction capability. PowerPay will also make this capability available to its other strategic partners that want to offer their business customers this upgrade opportunity.

Wireless Processing

Wireless payment processing offers our merchants additional benefits besides the three S’s of IP-based transaction processing;

• SPEED - Transactions are completed in 2-4 seconds instead of 12-30 seconds.

• SAVINGS - Communications costs are reduced. Merchants can consolidate phone lines.

• SECURITY - SSL 128 bit encryption in EFT POS terminals provides fraud protection.

Without a doubt, the largest benefit of Wireless Processing is the ability to tap into your broadband without having to install Ethernet wiring. This allows for;

• LANE BUSTER - terminals in stores and malls during peak sales periods

• PORTABLE - terminals for patio dining, garden centers, golf courses and beach/pool bars

• MOBILE – terminals for cart vendors in malls, flea markets, craft fairs, festivals and sports competitions