The Commonwealth Bank has launched a portable Eftpos terminal, MobileComm GPRS, which runs on the Optus GPRS mobile data networks, the latest release in the bank's range of next-generation Eftpos products.
The GPRS data network gives merchants and customers a secure facility to process payments from wherever they are. Specifically, MobileComm GPRS enables merchants to process card payments in real time and also reduce the risk in handling cash, Peter Roeleven, Commonwealth Bank's working capital services general manager for merchant acquiring said.
The service is suitable for any business that operates in a wireless environment. It is likely to benefit those in the car service industry, home service providers, field service providers and the trades industries, through faster transactions, better connectivity, increased cash flow, reduced bad debts and potential sales growth, bank officials said.
MobileComm GPRS, which is made by Keycorp, will also save the bank communication costs through a lower cost structure, with the savings to be passed on to merchants, Roeleven said.