An electronic purse (e-Purse) is the store of electronic monetary value on a card that can substitutes for cash, which can be used in a manner similar to cash. When the consumer makes a purchase, monetary value is deducted from the microchip or card account.
In today’s business, if you can’t accept card payments, you are losing sales opportunities. This causes stagnation in your business but we have the solution. innovative Electronic Purse System (iEPS) represents a breakthrough in payment terminal technology. It enables you to take advantage of leading web-based application and easy deployment of electronic data capture (EDC) Terminal at the front-end.
CardBiz’s iEPS can help you operate your own e-Purse system from :
Online Solution Style
This is meant for both magnetic stripe or smart card (contact or contactless) interface. All transactions will be processed real-time using EDC Terminal through online connection via phone line, LAN, WAN, or 3G at user preference timeframe. All data will then be updated into a secure centralized database.
Offline Solution Style
This is meant for smart card (contact or contactless) interface only. All transactions will be processed offline by EDC Terminal then saved into EDC Terminal memory. All saved transactions will then be uploaded to database through online connection via phone line, LAN, WAN, or 3G at user preference timeframe. All data will still be updated into a secure centralized database.