Commercialbank opts for Postilion services
Dubai, May 20, 2008
Commercialbank, one of the largest merchant acquirers in Qatar, has chosen Postilion to deliver innovative payment services to its retail merchant clients.
Postilion is a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation.
This implementation will make the bank the first organisation in Qatar to offer flexible integrated point-of-sale (POS) payment services to merchants, enabling faster service and greater accuracy at checkout.
The Postilion solution enables the bank to offer integrated POS payment systems to its merchant clients due to a clear separation between payment and retail functionality.
It improves security and transaction times by removing the need for dual entry of the transaction amount and by utilizing fast communication lines. The Postilion solution's features, such as centralised configuration control and consolidated management information, also help simplify retail store operations and end-of-day transaction reconciliation.
"We originally wanted to offer integrated POS as an extension of our current merchant acquiring services, but we quickly realized that this was not possible with our existing system. We decided to take a new systems approach in order to support the payment needs of our largest merchants," said manager, Acquiring, Commercialbank, Julian Phillips.
"Postilion's open systems technology means that we can create new value-added services and roll these out to our merchant clients in a short time frame. With Postilion, we will be able to easily control all of our operations across our integrated POS estate from one central place," said executive general manager and chief consumer banking officer for Commercialbank Bruce Butler. - TradeArabia News Service