The Green Sheet Online Edition
May 26, 2008 • Issue 08:05:02
True mobility for on-the-go merchants
With the downturn in the economy, individuals are looking for new sources of income. They're becoming independent contractors - selling cosmetics, fixing faucets or resurfacing roofs.
They're always in their cars and on the move to the next job. To maximize profits, these mobile merchants need equally mobile ways of accepting payments.
WAY Systems Inc. believes it has just the thing. At the Electronic Transactions Association 2008 Annual Meeting & Expo, the Boston-headquartered wireless POS system manufacturer unveiled the MTT 1531 and 1581 handheld, wireless devices.
MTT stands for Mobile Transaction Terminal. The terminals fit snugly in the hand, like mobile phones. According to John Malone, Senior Marketing Manager at WAY Systems, the MTTs are basically cell phones re-engineered to accept electronic payments.
Being handheld wireless devices, the MTTs are considered ideal for such mobile merchants as cab drivers, plumbers, tow truck drivers and so forth. The terminals clip onto belts like pagers. They work with WAY Systems' equally portable and belt-clipable wireless thermal receipt printers the size of a cigarette box.
Transactions on the MTTs are processed with a 16-bit microprocessor optimized for low power consumption. Their internal batteries have up to a 50-hour standby time and can handle up to 300 transactions per charge.
Both MTTs come equipped with mag stripe readers and keypads with telephone-style keys for data entry. But only the PIN-pad-enabled MTT 1581 satisfies PCI PIN Entry Device requirements for debit card transactions. The PIN pad is located on the other side of the 1581, opposite the keypad.
To prevent skimming scams, such as the one that afflicted Hannaford Bros. Co., the PCI DSS-compliant MTTs encrypt cardholder data when it is read or swiped, so no one (not even merchants) has access to unencrypted customer data. The data is further encrypted when it is sent wirelessly over the Global System for Mobile network.
The MTTs come ready to crunch transactions when shipped. No setup is necessary. All MTTs come with one-year standard factory warranties, with an optional three-year extension. Customer service support is available 24/7 to merchants and WAY Systems' reseller partners.
The wireless terminals function with the WAY Transaction Gateway (WTG). Transaction data is transmitted from the MTTs to the WTG, which then routes the data to other host systems using sophisticated encryption and authentication security. For end-to-end security, the MTTs run on WAY Systems' Secure Mobile Application Platform.
The MTT 1581 achieved Class A certification by Global Payments Inc. Both models have been stamped Apriva certified.
WAY Systems Inc.
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