Friday, 20 January 2017

iPay International S.A. enables small and medium-sized businesses in the Czech Republic to accept card payments with the newly launched ‘myPOS package’

JWA Prague |
29 May 2015

The myPOS solution enables merchants to accept card payments without a bank or а bank account. iPay International S.A. is looking for local partners to expand its distribution in the Czech Republic

iPay International S.A., the provider of the innovative payment solution ‘myPOS’ is pleased to announce its arrival in the Czech Republic. myPOS helps small and medium-sized merchants to start accepting card payments in an affordable and more efficient way as this unique business model offers instant access to money without any form of monthly or other fixed charges, thereby breaking down the major barriers to card acceptance for micro merchants. Officially introduced last year (on the MWC in Barcelona), myPOS is already enjoying huge interest and has quickly become a success story in each of the countries where it has been introduced.

This new solution is a complete package which includes a POS device, free merchant account and free MasterCard card, and it helps merchants to boost their sales and expand their customer reach by accepting card payments on the go or in the store, whenever they want or need to.

myPOS is a multicurrency solution where merchants can accept payments with major credit and debit cards - MasterCard, VISA, Maestro, VISA Electron, VPay or JCB at any time, in any place. Easy to use online merchant tools and a Mobile App guarantees non-stop access to transaction details, account/card history and payment functions for money transfers to almost any bank account in the world. By using the Business MasterCard, merchants can instantly withdraw cash on any ATM accepting MasterCard, or pay in any shop or on any website that accepts MasterCard.

“The ability to accept payments with the use of myPOS and, at the same time, have instant access to those funds through the MasterCard Business card is a revolutionary concept in the payment industry... I find it to be a great solution for SMEs in particular, since it also helps business to improve their cash flow and overcome one of their key challenges - collecting payments quickly and avoiding non-payment” said Artur Turemka, a senior MasterCard Executive.

myPOS devices are certified with the latest payment industry standards and support CHIP & PIN, as well as Magnetic Stripe and Contactless transactions with the highest level of security for merchants and their customers.

iPay International S.A. welcomes local distributors for the Czech Republic
In the Czech Republic iPay International S.A. intends to apply its proven shared revenue model and to sell myPOS products only through local distributors. Companies from different business areas and verticals such as telecoms, retail chains or others are welcome to become distributors and share in the inevitable market success of the myPOS solution. iPay partners enjoy unmatched opportunities for business growth, sales increase and new customer acquisitions.

For more information about myPOS please visit www.myPOS.eu
Entities interested in distribution should contact partners@mypos.eu.

About iPay International S.A.
iPay International S.A., Luxembourg is a duly licensed Electronic Money institution that is able to provide financial services in EEA countries. It is a SEPA compliant participant in the European Payment Counsel, and a member of SWIFT and the Luxembourg Bankers' Association (ABBL).

The company is part of a corporate group specialized in payment services, asset management and banking headed by SIGNIA GROUP AG, Zurich. The group runs its own PCI DSS Level 1 certified authorization, processing, clearing and settlement centers with direct integration to the card schemes, allowing the issuing of all types of payment cards with the logos of MasterCard, VISA and JCB, and the acquiring of payments with MasterCards, VISA, JCB and CUP. A team of more than 250 IT and financial specialists is working in the offices of the group in Zurich, Luxembourg, Milan, Malta and Sofia.

As part of a financial holding, iPay International is able to apply its group expertise, scale and proven processes to redefine the merchant card acceptance.

The domain www.myPOS.eu, and myPOS related platforms and information are stored on proprietary servers, co-located in the Class A Data Center Co-Location premises in Luxembourg.