3 September 2004
Wireless EFTPOS converter unveiled
Australia's first dial to wireless EFTPOS conversion device is set to help banks economically migrate to IP whilst simultaneously making multiple modem racks, excess 1800 phone number charges and multiple phone rentals a thing of the past.
Braintree Communications will launch AXON – G2010 at the Banktech.04 Exhibition in Sydney on September 13 offering banks and retailers an alternative to fixed line dialup.
AXON – G2010 is a wireless EFTPOS gateway allowing retailers to convert from fixed line dial up to a mobile point-of-sale facility using their existing terminal equipment.
CEO of Braintree Communications, Peter Hall, said the technology offers immediate benefits to banks including reduced infrastructure and related support costs, providing them with a pathway to cost effective wireless IP, currently financially unviable for much of the finance industry.
“To support existing dial up EFTPOS systems the banks require an expensive support infrastructure including dial gateways and modem racks, and 1800 numbers that generate call flag fall and usage charges.
“Wireless EFTPOS sends transactions securely over the Internet. This allows for less infrastructure and increased management flexibility including remote upgrades, configurations and diagnostics,” he said.
The system requires no new technology with existing retailer pin pad terminals locking directly into the AXON – G2010 to connect them to any of the Australian GSM/GPRS networks.
“The technology is expected to open up vast opportunities in retailing including easier EFTPOS access at remote and temporary sales locations such as trade shows and vehicles.
“It will also provide banks with a pathway to migrate to IP without major infrastructure upgrades.”
For retailers the new system means EFTPOS technology that is always connected, without the costs or limitations that are associated with landlines.
“Terminals can be moved anywhere around the store where there is power. The phone jacks no longer dictate where terminal equipment is located.”
About Braintree Communications
Mr Peter Hall, Chief Executive Officer, Braintree Communications