All-In-One Payment Terminal in Malaysia

At most stores that you may visit, you are likely to see a brick-shaped device, some square like an actual brick, some rounded, some with a keypad, some that have a touchscreen, sitting atop the cashier’s table. This device is a wireless payment terminal, so named because it is an endpoint in a long chain facilitating electronic payments, allowing for input of data, and outputting data via its display, but possessing no computing power of its own. The use of a debit card, credit card, or e-wallet necessitates the use of a payment terminal to transmit the user’s information to the bank.

What is a payment terminal system?

A payment terminal system makes use of a payment terminal that interfaces with credit cards, debit cards, and e-wallet QR codes, that is linked to a desktop point-of-sale (POS) machine, in order to facilitate payments during transactions. The desktop POS/card payment solution unit records the transaction and transmits the transaction information to the bank’s host securely via the internet. Traditionally, both the payments terminal and the POS unit use proprietary hardware and software, but the current trend is moving away from that into software that may be loaded into any device that supports it, say a mobile phone, or a tablet.

How do terminal payments work?

The various card schemes i.e. Visa, MasterCard, AMEX, UnionPay, JCB, etc. are part of a consortium called EMVCo, and they have stringent tests for the security of transmission of data by payment terminals, before they may be certified for use. The e-wallet service providers too have internal testing to perform before they allow usage of a terminal for the service they provide. Thus, the safety and reliability of using these secured portable payment terminal machines should not be a cause for concern.

The pain point faced by merchants now is that it is not very easy to find 1 single terminal that is certified for use by every card scheme as well as every e-wallet service provider. Some merchants these days have 4 or 5 debit or credit payment terminal machines atop their cashier’s desks. One may wonder why so many payment terminal machines are required. As an example, a particular merchant may have 1 terminal that is only certified for use by the 2 most common card schemes, Visa and MasterCard; 1 terminal certified for use by the less common card schemes (AMEX, UnionPay, JCB); 1 terminal certified for use by GrabPay; 1 terminal certified for use by Boost; 1 terminal certified for use by the Touch n’ Go e-wallet.

How do I set up a payment terminal?

The great news here is that merchants do not actually have to do anything in terms of set up! All you have to do is set aside some time that is convenient to you, and let us, the payment terminals provider, know when we may send a technician along to perform the payment terminal set up on your behalf.

Why choose EOS System’s all-in-one merchant payment terminal?

For such a merchant, would it not be nice to have all card schemes under EMVCo, and all e-wallet service providers, certifying 1 single payment terminal for use? That, is our goal at EOS Systems, to provide an all-in-one payment terminal. As of the time of writing of this piece, we have a payment terminal certified for use by Visa, MasterCard, MyDebit, UnionPay, and GrabPay, with Boost and Touch n’ Go in the pipeline, ready for inclusion within the next few months.

To find out more about payment terminal for debit or credit cards or even e-wallet online payment service, contact us now.