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Table of Contents

Lead Story

Wal-Mart: A new center of gravity for payments

News

Industry Update

Job rebound in acquiring?

Processors press industry for more standards

Retailer wanted breach connection hushed up

Trade Association News

Features

GS Advisory Board:
Positive economic signs and actions - Part 3

Research Rundown

Selling Prepaid

Prepaid in brief

Consumers in the prepaid driver's seat

Security standard in store for stored-value

Views

ACH grows, B2B payments plod along

Patti Murphy
The Takoma Group

The cost of credit card processing - past and present

Jared Isaacman
United Bank Card Inc.

The 'Wal-Mart case' revisited

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
No ISO demise with niche markets

Ken Musante

Contractual pricing pitfalls

Adam Atlas
Attorney at Law

Building a global Web site

Caroline Hometh
Payvision

Crossing the POS chasm

Dale S. Laszig
Castles Technology Co. Ltd.

Healing the Achilles heel of business

Nicholas Cucci
Network Merchants Inc.

Company Profile

Secure Payment Systems Inc.

New Products

Memory card-based NFC

SideTap MicroSD cards
Company: Tyfone Inc.

Portable gateway enhancement

PaySaber
Company: USA ePay

Inspiration

Change, the best business medicine

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

April 26, 2010  •  Issue 10:04:02

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New Products

Portable gateway enhancement

Product: PaySaber

F rom payment solutions provider USA ePay comes PaySaber, a portable payment card swipe machine that connects to the iPhone or iPod touch - allowing merchants registered with the USA ePay gateway to accept swipe transactions, scan product bar codes and print paper receipts.

Payment gateway compliment

PaySaber is not in itself a payment terminal, but a buttress to an existing gateway. As payment terminals for the iPhone (and other smart phones) flood the market, clients are increasingly eyeing certain enhancement features that don't always accompany handheld acceptance. For merchants registered with USA ePAY, the PaySaber provides those additions by connecting to the iPhone and working in conjunction with the company's gateway service.

"We at USA ePay are very excited about the PaySaber," said Ben Goretsky, USA ePay's Chief Executive Officer. "We are extremely pleased to add the iPhone onto the long list of already supported phones in the Wireless ePay family. PaySaber is a special product for us, since it not only can process credit card transactions, but also can be a full point-of-sale system with inventory control and product and customer databases built right into the software."

Card data immediately encrypted

PaySaber encrypts card information at the point of swipe, rendering it immediately unreadable and preventing the use of data for fraudulent transactions in the event it is intercepted by an unauthorized party. The swipe transaction also results in significantly reduced interchange rates paid by merchants, reflecting the reduced fraud costs typically associated with swipe (as opposed to manual, key-entered) transactions.

Payment information channeled through the PaySaber is stored in the USA ePAY gateway, which is Payment Card Industry Data Security Standard-certified and which keeps the data out of merchant environments, where it is historically more vulnerable to hackers. Inventory and other product information (including information gathered through the scan feature), meanwhile, is stored on PaySaber, and viewable by merchants wishing to check inventory or customer purchasing histories.

A scanner, calculator, thermal printer

The bar code feature allows merchants to scan orders and compile data related to product inventories; PaySaber can also conduct calculations for price totals, taxes and discounts that are generated through one or multiple scans. The receipts produced by the device's thermal printer all have unique bar codes that can themselves be scanned to streamline product returns.

USA ePay
866-872-3729
www.usaepay.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services