POS

This is our core product launched in Apr-2013. In Sep-2013 RBI mandated mPOS solutions to be EMV compliant. We are now offering an EMV Level 1 and 2, PED/PTS certified device connected to the mobile device using a secure blue-tooth connection. The solution has successfully achieved VISA/ADVT and Mastercard/MTIP certifications. The solution is offered along with our Acquiring Bank partners (HDFC Bank, YES Bank, IDBI). We expect to work with more banks shortly.

mPOS is hosted inside a PCI-DSS compliant environment at Netmagic Corporation’s Vikhroli/Mumbai Data Center.

mPOS is also available as an API (Application Programmers Interface). The API can be used by third-parties to integrate mobile payments to their own products.

mPOS is also offered as a white-label solution and is currently being implemented in Bangladesh and Nepal by our partners who are themselves, leaders in their respective countries.

The processes related to mPOS include:

• Merchant opens an Account with a Partner Bank
• Merchant receives mPOS device/s and credentials to access the Dashboard
• Merchant provides mPOS devices to their staff and configures their mobile devices using the Dashboard.
• The system sends download credentials to the mobile devices.
• The application is downloaded on the mobile device and is registered with the server.
• The user uses an OTP (One Time PIN) sent to his mobile number and sets-up his PIN.
• The user is now ready to use the system.
• The user can undertake any of the following operations on his mobile device:
  a: Sale
  b: Pre-Authorization
  c: Sale Complete
  d: Void / Refund
  e: Settle
• The user can also retrieve history transactions.
• The proceeds of the sale are credited to the user’s account directly (as would be the case for online or landline POS card transactions)