Problem
Statement
 Today’s
business climate demands the ability to perform financial transactions
in the field when and where the work is performed or business
transaction is completed. Merchants who are not able to perform
these basic requirements are at a disadvantage to those that
can. This growing requirement to doing business forces those
not armed with this ability, to continue business risking processes
and additional operational costs such as becoming a bank for
their customers just to stay competitive.
Merchants that have been willing to be the pioneer in mobility
up till now have found they have needed to build out the solution
themselves learn technology, connectivity and selecting finance
partners that are able to provide them with services.
PortNexus Solution; Trans-Act &
Verify™
Trans-Act & Verify™ the new Color of Money. This
all encompassing solution converts off-the-shelf components
into a turn-key self contained real-time point of sale credit
and debit card transaction engine.
It has been carefully crafted in technology, business processes
and partnerships to provide the merchant with the lowest possible
cost of doing business remotely.
This system arms merchants with the tools needed to be just
as effective in the field as they are in a brick and mortar
facility.
Making this system a turn-key offering, necessitates crafting
components to work in concert together. This requires, the
‘kitting’ of a solution which must include hardware,
software, services, intelligence and connectivity.
Hardware:
- HP iPAQ 6900 series PC Smart-phone
- Grabba detachable magnetic stripe reader
Connectivity
Unlimited data plan from Cingular wireless
Functionality
Functionality will be provided by a series of systems and
an application running on the device. This entire system is
known as Trans-Act & Verify™.
This system is pre-configured with a merchant account connected
to Orion payment systems to provide the banking side of the
transaction. As a value add differentiator, there is a web
based service known as Sight Verify™ which allows the
merchant and or the customer to review an online receipt including
a protected encrypted signature of the customer to verify
the action and their involvement anytime in the future.
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