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As standards evolve and new payment methods have gained popularity, the Electronic Cash Register (ECR) remains the reliable workhorse of the retail payments industry. However, the way ECRs have been designed creates limitations in their ability to accept PIN debit purchases or integrate peripherals. In addition, industry developments such as Visa's Payment Card Industry Data Standards (PCI DSS) have brought into question the ECR's role moving forward. Wishing to retain these familiar and reliable machines, merchants are looking for a way to integrate these newer payment technologies and standards with their existing ECRs.
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These merchants are turning to TransNet, the industry's first fully secure, router-based payment processing solution. Precidia's leading edge payment engine offers merchants a cost effective route to achieving PCI compliant, IP based transactions using existing ECRs.
The TransNet payment engine is a transaction processing application, which can be downloaded and run on a router-based platform. Available platforms include Precidia's popular POSLynx220 payment router and Cisco's Application eXtension Platform (AXP), offered in several popular Cisco models. The TransNet-VT payment engine application is downloaded into the selected router, handling the transaction from card swipe to authorization. TransNet's Virtual Terminal feature delivers a user friendly ECR transaction interface.
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TransNet accepts credit, PIN debit, gift and other card transactions from many popular ECR models, including Sharp, NEC, Uniwell and Samsung. TransNet manages the transaction until its completion at the processor's host. The NetVu management server ensures that transaction logs, data and PCI compliance status are fully accessible from a standard web browser, placing control of the transaction squarely in the hands of the user and their service providers.
Until recently, merchants using an ECR with a stand-alone payment terminal could only keep track of card-based transactions, such as credit or debit, with no way to total cash transactions. Using MerchantVu, merchants and corporate head offices can now track and record these transactions, allowing for easy identification of volume by transaction type, or specific transactions. This is useful for corporate offices that require a complete view of each store's activities.
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The Challenge
