India Transact Services launches ‘SMART’ PoS solution

Our Bureau New Delhi | Updated on May 10, 2018 Published on May 10, 2018

India Transact Services Ltd (ITSL), a digital payment arm of AGS Transact Technologies (AGSTTL), has introduced its first ‘SMART’ PoS solution.

The solution has unique features such as tip transactions, international card alerts, fraud prevention, risk management, auto settlement and pre-authorisation and integration with Windows, according to a press statement.

ITSL’s ‘SMART’ PoS device coupled with ITSL’s digital payment ecosystem and AGSTTL’s proven payment infrastructure will empower merchants to accept payments from a host of digital modes currently available in India. It is also equipped to accommodate futuristic payment technologies based on merchant requirements.

End-consumers can make payments using QR code, mobile wallets, BHIM-UPI and also merchant sponsored closed-loop prepaid card swipe in addition to the regular credit and debit card transactions. Aadhar Pay feature can be made available on merchant request.

Ravi Goyal, Chairman and Managing Director, AGSTLL, said in the statement that their payment acceptance solution will be especially benefit the MSMEs as it simplifies the digital payment acceptance process by omitting the need for multiple devices or vendors to support a successful transaction.

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Published on May 10, 2018
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