ASB transforms the point-of-sale experience for New Zealand

Thursday, 7 August 2014, 2:22 pm
Press Release: ASB Bank

ASB transforms the point-of-sale experience for New Zealand businesses

In a New Zealand first, ASB is redefining customer service for New Zealand businesses at the point-of-sale with a new way of accepting payments.

ASB Accept mPOS is a solution that will transform 3G or Wi-Fi connected iPhones, iPod Touches or iPads into a wireless payment terminal that accepts EFTPOS and credit card payments on the spot.

“The first in a planned series of payments innovations, ASB Accept mPOS works with an iPhone, iPod Touch or iPad through the ASB Payment Interface (Pi) app to provide an entirely new way to get paid instantly and securely from any location,” says Russell Jones, ASB’s Executive General Manager of Technology and Innovation.

“New Zealand businesses will now be able to accept payments while out and about visiting customers with the added assurance of card-present technology that is fully chip and pin compliant for improved security and unprecedented convenience.”

“This means, for example, that tradespeople visiting customers at home will be able to accept a payment securely as soon as the work has been completed. Customers will also be able to pay with either EFTPOS or credit card, a choice that not all other mobile payment terminals in New Zealand currently offer.”

ASB Accept mPOS will accept all types of card transactions via swipe, chip or contactless. It will give merchants the ability to email customers their receipts instantly. There is also a print capable terminal for those merchants who need it.

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ASB’s Pi platform provides a flexible payment interface and, on launch, will feature functionality to set up multiple users, split bills and accept multiple payments methods across one bill. This means businesses and customers can have complete flexibility over where and how to accept payments.

“Splitting bills is a regular part of dining out with friends. Using the Payment Interface (Pi) app that has been designed specifically for use on this device, Businesses with ASB Accept mPOS will be able to offer a streamlined dining experience by letting customers easily split the bill and pay by different methods right from the restaurant table.”

Mr Jones notes that the planned roadmap of development for ASB Accept mPOS will allow native development of applications that can be installed on the device moving forward.

“The first set of applications we have developed includes bill-splitting and tipping, which are great examples of everyday merchant problems that we are addressing. We are looking forward to working with businesses and app developers in the future to develop a comprehensive range of useful and practical new applications.”

Additional features of ASB Accept mPos include:

• Seven-day settlement of funds to your ASB Account

• Issue immediate refunds

• Add tips to the billed amount

• End of day settlements

• Print and email receipts

• A wide range of management reporting functionality.

ENDS

ASB Bank

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