London 3rd August 2017 STS, a leading payments acceptance software specialist, today announced the release of an industry first: a true multi-merchant payments acceptance solution. To date payment systems have been tied to individual merchants preventing the shared use of expensive hardware and peripherals. In an integrated POS environment favoured by today’s large and medium sized merchants each implementation has its own EPOS/business application, merchant acquirer relationship, complex rules for card acceptance and multiple configuration settings that have to be applied.
In response to changing market dynamics, multiple businesses are increasingly sharing a single premise or self-service kiosk and wanting to have one payments system that can be used by all parties. Space restrictions and the need for operational efficiencies prevent multiple systems being installed. Once this need for a multi merchant system was restricted to the likes of department stores where multiple franchisees were trading alongside the main store operator. However due to recent high customer demand for card and contactless payments at non traditional retail outlets and the growing usage of unattended and self service kiosks a market need has emerged for a true multi-merchant solution.
“The new G8 multi merchant solution from STS allows all system combinations and settings to be changed automatically for each transaction if necessary.” says Steve Turner, CEO of STS “This was extremely challenging to achieve and proved too complex for some larger payment solution providers before us.”
Previous multi merchant implementations required a single EPOS application to be used and all card transactions had to be sent to a single acquirer. This restricted choice, drove up costs and made funds reconciliation a nightmare.
“Our innovative multi merchant solution makes full use of G8’s proven agnostic approach to EPOS application, acquirer and card readers, running at both Enterprise and Client level.” continues Steve. “The sending of a source EPOS ID to G8 lets us know how to correctly process each transaction and where to send it to. This may require the automatic reconfiguration of G8 and the devices, but all of this is completed silently without creating delays for the end customer.”
The G8 multi merchant solution supports magnetic stripe, EMV chip card, contactless and NFC based mobile payments acceptance and supports P2PE. It is suitable for use in multiple trading environments such as pop-up stores, surgeries, salons, hospitals, entertainment venues, service stations and within the transportation sector. It is already being successfully used at airports where the shared use of check-in counters and self-service kiosks are widely used by multiple airlines in a common-use environment.
STS is a leading payments acceptance application developer with unrivalled EMV expertise. Although the company is based in the UK, we have supplied over 150,000 merchant implementations located around the world across multiple industry sectors. We offer merchants independence from payment schemes, acquirers, gateways, PSPs and device manufacturers, thereby generating financial savings and maximising their payments flexibility and future choices.
We are a product-led company that invests heavily in developing high-quality payments acceptance applications and features in order to remain at the forefront of payments innovation. This started with EMV Chip and PIN payments in which we became a global market leader and now includes contactless, in-store mobile payments, payment cloud implementations and the management of IoT devices. Our applications are designed to allow partners to establish competitive advantage. We have earned a reputation for trust, honesty and integrity by continually delivering high quality software and excellent support throughout our 19-year heritage.
Bing Dai, Senior Channel Manager, STS
+44 (0)20 8680 0252