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The Green SheetGreen Sheet

The Green Sheet Online Edition

July 23, 2007 • Issue 07:07:02

New Products

Ringing in a smart idea

Product: IPS Express- Mobile Payments
Company: Payment Data Systems Inc.

Payment Data Systems Inc., a registered ISO of MetaBank, has dialed in a new way to process credit card payments remotely. It now has a method for merchants to process credit card sales from remote locations without a terminal, printer or other card terminal device. Instead, merchants just need a browser-enabled SmartPhone.

The company's SmartPhone application, in conjunction with its IPS Express Pay By Phone application, enables merchants to access the Payment Data Systems Payment interface from a SmartPhone powered device.

This means merchants can process credit card transactions while away from a traditional storefront, phone jack or even electric outlet.

Once the sale is authorized and approved, the system provides real-time access to view the completed transaction.

The solution is specifically designed for mobile merchants such as taxi services, home repair services, outdoor concert promoters, flea market vendors and door-to-door salespeople, among others.

Additional features include merchant funding in less than 48 hours, integrated telephone and Web-based transaction reporting, and a Web-based virtual terminal to submit payments via the Internet.

The product is available directly from Payment Data Systems, as well as MLSs. ISOs and MLSs have a buy rate and enjoy the markup they create for the lifetime of each contract. Residuals are paid monthly. On online demonstration is available at www.paymentdata.com/services.htm.

end of article

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