In a bid to reduce millions of dollars of credit card fraud, Visa, MasterCard and American Express are moving to card present credit card sales to be verified by personal identification number [PIN] on August 1st 2014. This signals the end of signatures for Australian credit cardholders.This is a significant reform that as a result forces hospitality operators to rethink how they will handle credit and debit payments.
Merchant Payments EFTPOS partner, Tyro ,has developed a mobile pay@table solution that solves this issue facing the industry.With pay@table, cardholders conveniently and securely pay their bill by entering their PIN on a mobile terminal at the table.Importantly the solution allows for customers to enter their tip on the terminal or on the recipt at the end of the transaction. In a group situation split bill is also be accomodated.
Pay@table gives customers to control the payment process quickly,securely and conveniently.In the hospitality industry where great service is essential for customer loyalty pay@table can provide merchants with a competitive edge.