Point of sale for banking industry
With a growing focus on big data and analysis of consumer behavior, many banks are expanding their social-media presence and targeting potential customers with more personalized messages. Digital payments currently take more than a day to completely clear. That’s because they all have to be processed through the automated clearinghouse, or ACH, network, a system that’s more than 40 years old.
For trusted and secure online banking transactions, you can rely on our point of sale systems. Based on your specific needs, our technicians will develop comprehensive solutions. These banking POS combine quality and security, at a budget-friendly price.
This is changing rapidly and the current trend is for online or ATM banking. This requires that online banking has to be extremely secure and ATM banking, not only has to be secure, it needs to be user friendly and reliable as possible. Nothing worse than card getting stuck during non-business hours and waiting for a very long time before help arrives or wait till the next day.
With security in mind UIC has developed products that cater for the diversified security requirements. According to the consortium of EuroPay, MasterCard and Visa (EMV), technology they have collectively developed that is far more secure than Magnetic Stripe and is basically going to be the key technology (EMV Chip) for banking and other industry verticals.
EMV chips protect card data by encrypting it and has become a standard in U.S. cards. EMV technology offers greater security than the vulnerable magnetic stripe and is already widely used outside the United States. UIC products also have tokenization, an additional security feature that substitutes a code for your card data, you can also now pay without sharing your account number, if the store has the appropriate technology. Some near-field communication (NFC) wireless systems, like Apple Pay, use both EMV circuits and tokens to keep consumer information private.
Based on the diversified security needs, UIC offers hardware to satisfy various critical and secure banking needs. Whether it is a PIN entry, magnetic stripe, smart card or new NFC equipped mobile phone payments, all the hardware have security standards to ensure reliability and error free, highly secure transactions”.