Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation (Nasdaq: SONE), today announced that Commercialbank, one of the largest merchant acquirers in Qatar, has chosen Postilion to deliver innovative payment services to its retail merchant clients.
This implementation will make the bank the first organization in Qatar to offer flexible integrated point-of-sale (POS) payment services to merchants, enabling faster service and greater accuracy at checkout.
The Postilion solution enables the bank to offer integrated POS payment systems to its merchant clients due to a clear separation between payment and retail functionality. It improves security and transaction times by removing the need for dual entry of the transaction amount and by utilizing fast communication lines. The Postilion solution's features, such as centralized configuration control and consolidated management information, also help simplify retail store operations and end-of-day transaction reconciliation.
"We originally wanted to offer integrated POS as an extension of our current merchant acquiring services, but we quickly realized that this was not possible with our existing system. We decided to take a new systems approach in order to support the payment needs of our largest merchants," said Julian Phillips, Manager, Acquiring, Commercialbank. "We chose Postilion because this solution will allow us to offer new services to our merchant clients, as well as improve the overall consumer experience at the point of sale. We believe the innovations inherent in the Postilion solution will distinguish our services from those of our competitors and will attract new merchant business to the bank."
Bruce Butler, Executive General Manager and Chief Consumer Banking Officer for Commercialbank, added, "Postilion's open systems technology means that we can create new value-added services and roll these out to our merchant clients in a short time frame. With Postilion, we will be able to easily control all of our operations across our integrated POS estate from one central place."
"What we have set out to create for Commercialbank is a fully integrated POS infrastructure that provides a long-term platform for future growth, both through attracting new merchant clients as well as increasing the range of services to existing merchants," commented Steve Kirrage, Senior Vice President and General Manager, Postilion Middle East. "We are seeing a high level of interest in our POS payments and merchant acquiring solutions throughout the Middle East, as they allow banks to minimize their acquiring overhead costs and to differentiate their services."