Global Payments Asia-Pacific introduces a broadband based POS solution

HSBC and Global Payments’s joint venture, Global Payments Asia-Pacific Ltd, unveiled its new Global BroadbandPay, introducing it as "an Internet Protocol (IP)-based point-of-sale solution that provides merchants with fast, secure and reliable card acceptance services across the Asia-Pacific region”

Thus, Global BroadbandPay is now to be available to the vendors in Brunei, Hong Kong, Macau, the Maldives, the Philippines, Singapore and Sri Lanka. The new service will let merchants use their existing internet connection to enjoy a "plug-and-play" experience, instead applying to slow dial-up networks or invest in expensive dedicated communication links to their card acquiring banks.

This payment solution is considered an ideal way for establishments with high customer footfalls, especially multi-lane retailers such as supermarkets, department stores and duty free shops. Merchants will enjoy the dual benefits of minimizing customer queuing time through faster check-outs while significantly reducing their communication costs, said Sidharth Singh, Director, Regional Product & Business Development, Global Payments Asia-Pacific.

With Global BroadbandPay, equipped with a 32-bit ARM 9 processor-based Hypercom(R) T4220 point-of-sale device and an ultra high-speed SSL-enabled IP network, chip card transactions can be authorised within as fast as 2 seconds. Global BroadbandPay is also compliant to the Payment Application Data Security Standard (PA-DSS) and Payment Card Industry PIN Entry Device (PCI-PED) for secure PIN entry, that provides merchants and cardholders with extra protection.