As the POS channel becomes more and more popular, banks must ensure that they have the right solution to deliver the advanced technology that their customers demand.
BankWorld POS enables your bank to acquire transactions from merchant POS terminals and route these to the appropriate card network such as VISA™, MasterCard™ and Union Pay International™ as well as perform settlement and reconciliation.
BankWorld POS goes beyond accepting payment on POS with advanced services which can be fully integrated within your banking channels.
Our BankWorld POS software solution has extensive merchant management functionality and can provide a web-based portal for merchants to review and monitor transactions.
BankWorld POS ensures customer retention via innovative services such as cash and cheque deposit on the POS terminal, bill payment, refund, agency banking services and so much more.
BankWorld POS provides banks with a merchant-acquiring solution that is fully EMV and triple DES compliant as per industry wide mandates.
These comprehensive security tools allow your bank to tackle risk exposure and gain end-to-end fraud protection.
Customers are provided with the ability to carry out transactions in a more personalised manner, having the opportunity to select the currency that they are most comfortable with such as their home currency when abroad.
BankWorld POS provides a teller solution to support agency banking services in geographies where a traditional banking infrastructure may be lacking.
The solution makes the channel work better for your bank and is particularly effective in terms of reaching out to both the underbanked and unbanked populations.
Our POS Software solution allows your staff to monitor each POS device on your network and has the ability to take a device offline and turn it back online from a centralised location.
Detailed reports with information on transaction values, volumes and even failed transactions can all be generated.
BankWorld POS can be integrated to any POS terminal manufactured device, including portable devices.
CR2’s lengthy experience with vendors such as Hypercom, VeriFone and Ingenico is testament to the solution’s flexibility.
Your bank can have peace of mind with a solution that offers a straightforward integration.
Agency Banking Solution
CRDB Bank were looking for the most innovative way to provide banking services to the unbanked population of Tanzania taking the following challenges into account:
Using our solution to power their ATM, POS and Card Management channels, CRDB Bank decided to further utilise POS capabilities from CR2’s Digital Banking Platform, BankWorld.
From the bank’s perspective, POS is an effective way to serve customers where internet connectivity is limited and/or branches are not widespread.
Furthermore, it remains a secure means to transact due to PIN protection. Transactions available via CRDB Bank Agency Banking Network include: