PoP Net™ Overview
The Point of Pay network (PoP Net™) allows people everywhere – at home or out and about – to make secure payments to anyone, anywhere at any time. PoP Net™ proves the identity of the users online by providing ‘Card Present’ transactions with PIN verification.
The PoP™ technology makes eftpos@home a reality by allowing users to make secure payment transactions from home using the PoP™ Device’s magnetic stripe or smart card reader and the customer’s normal PIN. This means the PoP™ Device offers full PIN based “EFTPOS” transactions from home, as well as scheme credit and debit card transactions.
All online merchants who sign up to ‘Pay By PoP™’ effectively have ‘shopfront in the home’ for the duration of their transaction. All online merchants are able to use the same terminal, thus lowering their costs.
Additionally, the PoP™ system removes the need for the complex, expensive and inconvenient security measures currently used for online payments. It offers the same level of security to customers in the online world as they have in-store. In doing so, PoP™ opens the way for more secure access to:
· Online eCommerce purchases
· Internet online banking
· Paying bills online
· Money transfers
· Smart card ticketing and other stored value top-ups
· Prepaid recharges
· Secure account and email access.
The latest variant PoP™ Device is the PoP-M7™ (pictured). The PoP-M7™ connects to any internet connected computer and is:
· Fully certified to card scheme and local banking standards
· Features a touch screen and a PCI certified chip and mag stripe card reader
· Low cost
· Easily integrated with eCommerce web sites
· Simple to install and use with both Bluetooth and USB interfaces
· Managed by the PoP Net™ network to add new functions and features.
It won’t be long before the majority of mobile users will be living the smartphone lifestyle. Your phone will show you where to go for fun, for work, where to be entertained and where to shop. In fact, most smartphone users already have access to their very own marketplace.
PoP™ has embraced this smartphone concept by enabling our latest PoP™ Device, the PoP-M7™, with Bluetooth. This allows it to communicate directly with any Internet capable phone, Apple iPhone and iPad, Android smartphones, Pads and Windows smartphones, as well as any other PC, tablet, laptop (micro USB) or Bluetooth capable mobile phones.
So, now our customers can make truly secure payments on the internet to anyone, at any time, from anywhere.
Watch this space for more on the future of this next generation payments technology.
PoP Net™ Gateway
The PoP™ Device is only part of the Point of Pay story. Behind each customer’s PoP™ Device sits a secure PoP™ Gateway and network infrastructure connected to merchants, banks and financial switches in multiple markets.
Each PoP™ Gateway is built to both international and local market specific, financial industry system, standards, with fault tolerance and backup redundancy engineered in.
PoP™ Gateways are linked internationally and this functionality, and the system’s high security and low cost, translates into benefits for everyone involved – consumers, merchants, card issuers and transaction acquirers alike.
PoP Net™ provides a full Terminal Management System for PoP™ Devices including:
· Activation of deployed devices
· Device retirement
· Remote device firmware management
· Remote device application update
· Device configuration settings and records management
· On-going device monitoring and reporting.
In creating PoP Net™, PoP took the view that online payments should work the same as, and be just as secure and trusted as, in-store payments – and we designed our system to do just that.
By using PoP Net™ to make payments, consumers, merchants and financial institutions all benefit from a uniform industry standard environment.
Point of Pay’s bill payment capability can be hosted within a bank’s internet banking system or operate within the PoP Net™ environment with a biller(s) or third party bill service provider.
The Point of Pay device integrates with internet banking systems through the secure interface of the PoP Net™ Gateway via an EFT network to the banks’ systems.
The money transfer capability can be hosted inside a bank’s internet banking system or operate within the PoP Net™ environment with a third party.
In the world of eCommerce, the PoP™ Device integrates with a merchant’s online environment through a secure interface between the PoP™ Gateway and the merchant’s website, allowing the merchant to “own” the PoP™ Device for the time of the user’s transaction.