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SDM-Bank introduces mobile acquiring service


Mobile Acquiring is a safe and convenient alternative to a regular POS-terminal acquiring. This innovative wired transactions solution has been implemented in partnership with the Corporate Technologies Center – multichannel remote banking systems developer and supplier.

The mobile POS-terminal (mPOS) is a compact card reader pluggable into headphone jack of a smartphone or a tablet. In spite of its small size, the device is just as functional as the regular POS-terminal. No special skills are required to use it – just slide the card and use the phone screen to enter the amount and customer email address for sending the receipt. The client puts their signature on the screen to verify the transaction.

The service is available for iOS and Android, and operates with VISA and MasterCard cards, both with chip and magnetic stripe.

The service is offered to companies and entrepreneurs who have acquiring contract with SDM-Bank. «The service will be in most demand in small outlets and off-premise trading like online shops, taxi, or home-delivered services» says Denis Davydov, SDM-Bank retail business officer.