mPOS – The Evolution

By M. W. Jahin

mPOS, evolving from the traditional POS system, brings new possibilities and opportunities mostly for the retail and hospitality industries. An mPOS or mobile POS is a portable point of sale on a smartphone or tablet…

What is POS

By M. W. Jahin

POS or Point-of-Sale is the moment of transaction that takes place between a merchant and a customer when purchasing a product or service, commonly using a point of sale system to complete the transaction. For…

PSD2 – The Future

By M. W. Jahin

PSD2 – The Future of Banking The Second or Revised Payment Services Directive (PSD2) is a fundamental piece of payments-related legislation in Europe, which entered into force in January 2016. Retail banking has been in…

Payment Processing Factors

By M. W. Jahin

Three Factors That All Merchants Should Consider The world tends to be moving toward a cashless society. In the recent times, we believe that all transactions will be made using credit and debit cards along…

3D Secure – Explained

By M. W. Jahin

3D Secure (Three Domain Secure) is an XML-based protocol designed to be an additional security layer for online credit and debit card transactions. Also known as ‘Payer Authentication’, this service provides fraud liability shift and reduced interchange. As…

Benefits of Merchant Banking

By M. W. Jahin

Merchant Banking In the banking sector, online banking is the most evolving concept. Merchant banks mostly deal with commercial services on a large scale or with small enterprise. And the merchant accounts have transformed the…