Company: Company: USA ePay
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.
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."
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.
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.
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