Commonwealth Bank introduces mobile eftpos terminal

Commonwealth Bank introduces mobile eftpos terminal

Australia's Commonwealth Bank has launched MobileComm GPRS, a portable Eftpos terminal designed and manufactured by KeyCorp, which operates on Optus' GPRS mobile data network.

Commonwealth Bank says the terminal is suitable for any business that operates in a wireless environment and the Optus network provides merchants with a secure way of processing payments, wherever they are.

Peter Roeleven, Commonwealth Bank's general manager, merchant acquiring, working capital services, says: "MobileComm GPRS allows mobile merchants the capability to process real-time card payments and reduce their cash handling risk, which is a major benefit to any mobile business."

Roeleven adds that the GPRS network also offers a lower cost structure and savings in communication costs.

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