New-generation electronic cash desks and mobile payment terminals
Modern technologies will allow even small entrepreneurs to accept contactless payments Česká spořitelna, MasterCard, Vodafone and Wincor Nixdorf are introducing comprehensive mobile platforms which make it possible for small entrepreneurs to accept contactless payments and issue electronic bills. Being ready for the planned Electronic Sales Registration Act, these new-generation solutions will allow small entrepreneurs to make online submissions of sales information towards the Financial Administration. According to the latest estimates, the Act which prescribes registration of sales information and submission of such information towards the Financial Administration will concern approximately 500 to 600 thousand businesses and is supposed to come into force next year.
However, the Electronic Sales Registration Act is actually not the only reason for entrepreneurs to invest in these solutions. The number of payment cards is constantly increasing. At the moment, there are more than 11 million payment cards in the Czech Republic. Only during the last year, people paid CZK 326.4 mld. with payment cards at local retailers. That is to say, CZK 29,594 was paid with one payment card on the average. While people show a growing tendency to use payment cards for their shopping, now that there is contactless payment, they tend to pay even smaller amounts with them. According to the latest MasterCard MasterIndex survey, more than a third of the respondents consider it usual to pay amounts lower than CZK 50 with a payment card and 72 per cent of those who regularly use a payment card prefer contactless payment. Modern devices for accepting cards have thus become a necessity.
Česká spořitelna, MasterCard, Vodafone and Wincor Nixdorf are responding to the growing demand for contactless payments at small merchants and entrepreneurs, including those who offer their products and services at farmers' markets, fast food stands or small local stores, for example. The companies are now introducing three effective tools for different kinds of businesses: Vodafone eCashDesk, mPOS and Albert.
Entrepreneurs who already use a smartphone or a tablet won't need any other device to use the service. They can simply instal the application on their existing device and use it for electronic sales registration. This basic solution is particularly suitable for merchants selling their goods or services outdoors, e.g. at markets.
Furthermore, the application can be connected to a mobile payment terminal (mPOS), which allows the merchant to accept payment cards. When connected to a battery-operated portable printer, the device enables fast and low-cost printing of bills. The technology of eCashDesk was developed by Wincor Nixdorf. The service is going to cost approximately a few hundred crowns per month.
Mobile payment terminal of Česká spořitelna (mPOS)
This is a payment terminal which communicates through an application installed in a smartphone or a tablet and is used as a simple payment registration system. Retailers can accept both contact and contactless payment cards, as well as payments made via NFC phones, stickers, etc. It is particularly suitable for small retailers who look for a mobile, fast, simple and user-friendly solution.
To provide support for mPOS terminals in the Czech Republic, Česká spořitelna and Wincor Nixdorf have launched a special website at www.MobilniTerminal.cz where you can order the device.
The device, which becomes the retailer´s property, costs a few thousand crowns. The authorization and transaction fees are proportionate to the use of the mPOS device (average transaction amount and number or transactions).
The interactive multifunctional Albert device made by Wincor Nixdorf is suitable for restaurants and bigger brick-and-mortar stores. While the basic configuration costs CZK 28,000 without VAT, the full version should not exceed CZK 34,000 without VAT. Albert is going to be sold as an independent device, offering a number of integrated functionalities, such as a secure multifunctional terminal for accepting payment cards. When using the services of other business partners, entrepreneurs can get up to a 50 per cent discount.
About Česká spořitelna
Česká spořitelna is the largest bank in the Czech Republic. It serves more than five million clients, including individuals, small and middle-sized businesses as well as municipalities. It also finances large corporations and provides financial market services. Since 2000, Česká spořitelna has been a member of the Erste Group, using the brand to serve affluent and corporate clients. The bank can boast the most extensive network of branches and ATMs in the Czech Republic. It also plays an important role as an innovator: for example, it was the first bank on the Czech market to start issuing contactless payment cards on a large scale and to develop a network for their use. For more information, please see here.
MasterCard (NYSE: MA), www.mastercard.com, is the leading provider of intelligent, comfortable and secure payment services. It operates the fastest payment processing network, which connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories in the world. MasterCard products and solutions make everyday business activities, such as shopping, travelling, business and finance management, even more simple, secure and effective. Follow us at Twitter @MasterCardNews, join a discussion at CashlessPioneers Blog or sign in for the latest news at Engagement Bureau.
MobilniTerminal.cz is a joint project of Česká spořitelna and Wincor Nixdorf. The website is fully dedicated to the distribution of mPOS devices in the Czech Republic. It features its own logistics, customer support, call centre and modern technologies. It serves to dispatch and administer thousands of mPOS devices in the Czech Republic.
About Vodafone Czech Republic
Since 2005, the mobile operator Vodafone Czech Republic has been part of one of the largest telecommunications groups in the world, the Vodafone Group. In the Czech Republic, it currently provides service to more than three million customers. Since 2007, Vodafone has been offering comprehensive telecommunications services to business customers through Vodafone OneNet solution and currently registers more than a million business SIM cards. In 2012, Vodafone was the first Czech operator to start charging calls by the second. One year later, Vodafone launched Turbo Internet and started to cover even villages and small towns with the fast mobile Internet. At the moment, Vodafone offers the fastest and most extensive network of mobile Internet at the Czech market. It currently seeks to bring LTE to all parts of the Czech Republic. In accordance with its CSR activities, Vodafone moved to new eco-friendly headquarters in Prague-Stodůlky early in 2015. The Vodafone Foundation has allocated over CZK 160 million. This year, it has announced a new prize called Rafael for non-profit organizations which use IT to improve the life quality of the disabled. For more information go to www.vodafone.cz.
About Wincor Nixdorf
Wincor Nixdorf is one of the world’s leading producers and providers of IT solutions and services to retailers and retail banking. The company’s main focus is the design and sale of comprehensive hardware and software solutions including service and consultancy. For more information please go to: