Wirecard is to expand the range of functions for point of sale (POS) terminals with an intelligent payment interface.
This will process payments from various retailers via a single POS terminal, which involves routing the payment transaction from the POS terminal directly to the relevant retailer acceptance point and then posting the payment into the corresponding retailer's bank account.
The first application systems will be available in spring 2015 for self-service bag drop facilities at airports. These automated baggage services will identify additional or excess baggage, for which passengers may be obliged to pay a direct fee, depending on the respective airline's policy.
The Wirecard Group supports retailers and service providers in the acceptance of electronic payments from all sales channels, be it online, mobile or at the physical point of sale. In addition to solutions in the field of risk management, Wirecard offers international payment acceptance and processing via a global multi-channel platform. Furthermore, Wirecard presides over innovative payment technologies for cashless payment transactions, fixed and portable card terminals as well as versatile customer retention schemes including a voucher and (mobile) loyalty point programme, gift cards and couponing.