Today, one of the most mission-critical aspects of payment processing being employed is wireless payment dealing, which is no longer just an emerging market. It is rather the segment that is continuously budding in the POS industry, offering entry to new vertical markets, new merchants and new ways to increase revenue. Wireless payment processing methodologies take optimum advantage of technology. They render the entire process of selling and buying more operationally efficient, more reliable and more secure.
Wireless technology has taken hold at the point-of-transaction, and the market will now see a growing shift towards more sophisticated applications. Early adopters include companies involved in biometrics, health care, prepaid, micro-payments, gift and loyalty. There is a whole new line of wireless payment equipment available in the market. Following are two good options to fulfill your payment processing needs:

Comstar Wireless Solution: The Comstar’s CHARGE ANYwhere™ Solution makes for easy, cost-effective and secure credit card transaction, wherever you are. This solution is a combination of compact handheld wireless magnetic card reader with the innovative Transaction Manager, a web-based database and reporting system, and other features such as e-mail. CHARGE ANYwhere™ runs on nationwide Cingular Wireless Mobitex and Motient networks.

Nurit 8000: This hand held terminal is flexible, and light-weight, making for fast, secure, and error-free transactions. The Nurit 8000 supports credit, debit, T&E, EBT, smart cards, prepaid, loyalty, gift & proprietary cards - as well as business management solutions such as inventory control, dispatch, delivery, etc. The unit supports a variety of cellular networks, including GSM/GPRS, Mobitex, CDPD, DataTac, and CDMA. Features include an easy-to-load thermal printer, a touch screen, built-in PIN Pad, and EMV smart card reader.

To enhance commerce, new initiatives are constantly being introduced. Wireless payment systems have enabled merchants to accept electronic cash anywhere and at anytime. This, in itself is a significant step forward, and the big names in the industry continue to roll out novel transaction payment infrastructures, allowing customers to transfer funds and make payments, when on the move.

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