South Africa’s Sureswipe, an independent payment service provider has launched a new Integrated Payments product expected to reduce manual hours spent on reconciliations, making customer payments quicker and safer.
According to Paul Kent, managing director of Sureswipe: “Our new Integrated Payments product has been developed for higher volume businesses that use a Point-of-Sale system. It reduces manual hours spent on reconciliations, makes customer payments quicker and safer, and cuts both costs and complexity. We have brought functionality and efficiency to a market where in the past it would have been cost-prohibitive to implement.”
Until now, a retailer or franchise needed a number of partners to run an integrated point-of sale system – specifically a connectivity partner, a card acceptance partner, and a processor. And each of these partners has separate contracts costs.
The Sureswipe system integrates seamlessly with eight of the most popular point-of-sale systems: Micros, GAAP, Arch Retail, Pilot Software, Vission POS, React POS, Legend POS and InfoDynamics.
Sureswipe will be offering a one point of contact contract – essentially one service provider that offers it all. Retailers and many franchises have been using a card machine that does not link to the point-of-sale system because costs for such a system have been very high.
Founded in 2008 to make card payment acceptance easy and accessible to independent retailers and service providers, the platform servers over 6,500 independent retailers across South Africa and has some 8,000 Sureswipe devices deployed. Sureswipe’s new Integrated Payments solution is its most recent innovation developed for higher volume retailers.
These will make it easier to reconcile transactions and reduce the risk of fraud, particularly in high-volume businesses. This means businesses can circumvent some of the problems that lead to revenue loss, such as fraud or human error, or customers leaving, or not returning to, establishments due to long queues.
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“At the beginning of June this year, we installed Sureswipe’s new Integrated Payment System, deploying their machines inside and outside of premise, which has not only solved all our network and connectivity issues, but also integrates with our Pilot POS system,” said Nelson Ferreira, Director of Welsford’s Bistro and Bakes. “Sureswipe’s new Integrated Payment Solution means that our average transaction now takes just 2 seconds to process, which has changed our business.”
