Network makes payments easy

Network International launched its latest mobile offering, the GPRS PO Terminal, this week.

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By  Sarah Campbell Published  September 28, 2005

Network International launched its latest mobile offering, the GPRS PO Terminal, this week. The Middle East is currently witnessing a paradigm shift in payment landscape, according to Network. As the industry migrates from magnetic-striped payment technology to EMV technology, banks and financial institutions not only have to justify their millions of dollars of investments in upgrading the existing payment infrastructure, but also need to keep up with evolving technology to maintain competitive advantage. “We understand the challenge that banks are currently facing in having to cope with an ever-changing payment landscape,” says Abdulla Qassem, chairman, Network Intern-ational. “Network has invested considerably in reviewing and re-architecturing its payment infrastructure to introduce the Mobile GPRS POS Terminal” GPRS POS Terminal is a mobile payment terminal providing online card acceptance payment capability to any merchant on the move. It is not only faster and more convenient than landline phones, but also helps increase revenue by reaching out to new market segments where fixed-line connectivity is limited or not practical, such as remote areas, exhibitions, mobile merchants such as real estate agents, police, etc. Deployment time is also reduced, as there is no waiting time for installation and commissioning of lines.

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