Dubbed as Beanstream Mobile, the new mobile payment technology will work as portable card swipe, cash register and comprehensive solution, enabling the merchants to accept encrypted credit transactions on-the-move with white-labeled iOS and Android applications.
Operating with an encrypted card reader and a free downloadable application on the mobile device, it has been designed to be white-labeled by brands and financial institutions.
It allows merchants to swipe or key in credit or debit card data on the spot, accept and track cash and check transactions, and capture online sales while mobile.
For a complete and more accessible analysis, the system integrates all sales workflows and data into one system, enabling merchants to supply receipts, complete with geo-location data, directly from the application through a printed copy, email or text message.
Beanstream Mobile also provides time-savers, including a one-step signature and gratuities screen, and up to two automatic taxes.
Digital River global payments and commerce senior vice president and general manager Souheil Badran said that the present mobile payment technologies have fallen short for merchants with multi-currency operations, in-store and online sales, and inventories.
"Now, merchants will be able to unify their payment channels with one device and accept credit card mobile payments in 140 currencies through an integration with Digital River World Payments’ international bank connections," Badran added.
Beanstream Mobile for iPad also gives an exclusive inventory capability allowing merchants to add photos of products and create UPC codes. Using Digital River’s flexible API toolkit, users can quickly upload existing inventory and retrieve valuable analytics and sales data.
