A range of stand-alone contactless solutions are available, but BCP’s integrated AccordPoS solution is believed to a first in the c-store sector. Integrating directly to the till system, it provides additional benefits over stand alone offerings – increased speed, reduced training requirements, elimination of errors from having to rekey transactions and, of particular importance, it provides a full and secure audit trail of card payments taken through the PoS, thereby eliminating reconciliation issues.
Brian Preece, Retail Divisional Director of BCP, said: Initially, we developed this solution in conjunction with Spar aimed at reducing EFT transaction costs for SPAR Card Services Retailers. They introduced it at their Haymarket store in central London, followed quickly by three other London SPAR stores, where the contactless payment trials took place.
The system will be rolled out, as appropriate, to other SPAR stores so their customers can take advantage of contactless payment at their local store as their regular credit and debit cards are replaced by contactless’ enabled cards and the stores can benefit from reduced transaction costs.
Spar has been told by RBS that we are the first in our marketplace to integrate’ contactless payment and this provides the first steps to reducing transaction cost for Debit Cards for AccordPoS users up to 40% cheaper than standard debit transactions as well as allowing us to serve customers faster.