The Green Sheet Online Edition
October 22, 2012 • Issue 12:10:02
Next-gen POS doubles as fundraiser
Unified Payments LLC teamed with Dejavoo Systems to develop the V8, a specially configured POS terminal that supports mag stripe and tap-and-go near field communication payments. Its dual-communication capability also makes it possible for merchants to process payments via high-speed Internet or traditional dial-up connections.
"Having technologically superior and visually striking terminals to process payments is important for all of our merchants, but of even greater importance for our Process Pink Payments brand because the terminal's pink body and signature logo lets the customer know that their transaction is facilitating a contribution to the National Breast Cancer Foundation," said Oleg Firer, Unified Payments Executive Chairman.
According to Unified, the company has a longstanding and exclusive fundraising relationship with the National Breast Cancer Foundation. When customers make credit card purchases at participating Process Pink merchants, a portion of each transaction is donated to the foundation.
"The V8 terminal platform also gives us a richer set of features, a robust design and significant cost savings associated with supporting the devices - all of which contribute to our ability to lower processing costs for our customers," Firer said.
Features include an onboard user guide with step-by-step instructions for programming custom formats that are accessible with the touch of a button, the company stated. For restaurants, V8's presale ticket function permits servers to print "dummy receipts" that reflect the total charge amount with a customer fill-in area for posting tips.
The Store & Forward feature allows merchants to process multiple transactions without interruption. Repetitive functions can be programmed into the 20 hot keys available on the V8.
The V8 is equipped with a 32-bit high-speed microprocessor and 64 megabytes of memory, a Linux-based operating system and an open source MySQL Database for powering web, e-commerce and online transaction processing applications. It also features a built-in contactless radio frequency identification reader and secure internal PIN pad.
For merchants planning to upgrade to systems that meet Europay/MasterCard/Visa (EMV) card brand mandates, the V8 is EMV 4.0 L1 and L2, and PCI PIN Entry Device (PCI PED) 2.x certified, the company stated. Unified indicated that it is on track to convert about 10,000 merchant terminals to the new V8 unit, and the company is actively boarding quick-service and mobile merchants as well.
Unified Payments LLC
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