BankWorld
Point Of Sale

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

Benefits
to Bank

  • Increased profit through multi-currency acquiring and volume
  • Customer acquisition via agency banking
  • Broad terminal choice
  • Rapid time to market
  • Ease of use Optimum
  • Security: EMV, 3DES
  • Integrated to BankWorld’s Digital Banking Platform

Merchant
Benefits

  • Increased revenue
  • Reduced cash management costs
  • Quick product rollout such as agency banking services
  • Instant access to account information

Benefits
to Bank

  • Quick and convenient
  • Access to agency banking network
  • Payment in local currency possible when abroad

Banks must ensure that they have a powerful, functionally-rich POS channel that gives them the opportunity to increase revenue, reduce operational costs and improve customer satisfaction, a channel that complies with the highest requirements in the payments industry.

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.

BankWorld’s POS delivers:


  • Integrated POS/merchant acquiring system

  • Merchant Settlement

  • EMV and Triple DES Compliance

  • Scheme Clearing and Settlement

  • Agency Banking

  • Transaction Switching

  • Multi-currency

  • Visa, MasterCard, UPI Support

  • Management and Reporting Tools

  • Reconciliation

  • Merchant Interface

  • Cost Reduction
    Existing POS network

  • New Opportunities
    To reach the unbanked

  • New Revenues
    Transaction volumes

Agency Banking Solution

CRDB Bank

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:

  • Extremely dispersed population – 1 person per km² in some areas
  • In excess of 80% of population based in rural areas
  • Poor level of infrastructure
  • Only 5% of adult population with access to financial services

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:

  • Cash Withdrawal
  • Cash Deposit Cardless Deposits
  • Bill Payment and Balance Enquiry
  • Forced PIN Change