Commercial Bank launches ‘Easy POS’- smartphone linked mobile POS system for card transactions
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The Point-of-Sale (POS) enabled merchant base of Commercial Bank of Ceylon is expected to grow significantly with the country’s largest private bank launching mobile Point-of- Sale units in Sri Lanka. Branded Commercial Bank ‘Easy POS,’ the mobile units introduced in collaboration with CBA Solutions, make it possible for any merchant outlet that has a smartphone to acquire one and enhance sales, a bank media release said. Compatible with magnetic strip cards as well as chip cards, the EasyPOS devices run on the ‘Payable’ app downloadable to the merchant’s smartphone in Android or IOS format.
The device communicates with the smartphone via Bluetooth, and can be used anywhere and at any time provided the device and the phone are within range of each other. The new mobile Point-of-Sale units would cater to businesses that cannot meet the monthly revenue criteria for a standard, fixed Point-of-Sale unit. EasyPOS is the third technology-linked service enhancement at Commercial Bank within the last three months, and follows the conversion of the bank’s entire ATM network in Sri Lanka to EMV standard chip card compatibility and the launch of Over-the-Air PIN (OTAP) for the issue of credit and debit/ATM cards.