Com Bank launches ‘PAYCOM’ Sri Lanka’s first multilingual Mobile POS application
View(s):The Commercial Bank of Ceylon and Paycorp International (PYCI), a leading provider of enterprise payment processing solutions to banks, corporates and industry specific vertical markets, have formed a strategic alliance to launch ‘PAYCOM,’ Sri Lanka’s first Multilingual Mobile POS solution.
The PAYCOM solution will allow any business to accept credit card and debit card payments anywhere, any time. Businesses can simply download the PAYCOM app to an Android or IOS smart phone or tablet and choose their preferred language, Sinhala, Tamil or English to perform transactions, the bank said.
This Mobile POS Solution has undergone Chip Transaction Processing (EMV) certification with the major card schemes. EMV is a global standard for inter-operation of integrated circuit cards and IC card capable point of sale terminals and automated teller machines (ATMs), for authenticating credit and debit card transactions. The PAYCOM solution has high security and inbuilt fraud protection capabilities, as well as added security features such as 2-factor authentication.
John Caliguri – Chairman of Paycorp Group said: “We are very pleased to work closely with Commercial Bank of Ceylon PLC. This partnership showed how speed of deployment has conferred the Commercial Bank with a first mover technical advantage to meet customer needs and offer local businesses world class technology. Our next phase of implementation with Commercial Bank will feature another range of products that will change how merchants consider and perform business transactions.”