CBQ mPOS 1.1

The Commercial Bank mPOS solution is a modern payment acceptance tool designed for merchants seeking to facilitate card transactions using their mobile devices. This system effectively transforms a smartphone into a secure point-of-sale terminal through a combination of a dedicated application and a compact device that supports Chip & PIN transactions.

In addition to transaction processing, Commercial Bank offers a comprehensive merchant portal that enables online management of payments and detailed reporting. This approach allows merchants to expand their payment options, enhance customer loyalty, and reduce costs associated with cash handling and infrastructure expansion.

Key advantages include:

• Business Growth: Merchants can accept card payments in various locations, thereby increasing sales volume and offering diverse payment options to customers. The mobility of mPOS enables novel in-store sales strategies, such as live demonstrations leading directly to purchase closures.
• Enhanced Convenience: Digital receipts can be issued via email or SMS, providing customers with immediate transaction records that are easily accessible through the merchant portal, supporting improved customer service.
• Fraud Reduction: Real-time processing of transactions minimizes risks associated with batch or offline processing, enhancing security against potential fraud.
• Traditional POS Features: The mPOS system supports standard POS functions such as tips and receipts, offering familiarity and ease of use.
• Application Integration: The solution allows linking with an merchant’s existing applications and inventory management systems, ensuring a seamless payment experience.

Steps to implement the mPOS system include:

1. Contact your Merchant Account Manager to obtain your mPOS card reader.
2. Download the CBQmPOS application from the Play Store.
3. Follow the provided setup instructions to connect the card reader to your smartphone.
4. Sign in with your credentials and commence accepting secure payments anytime, anywhere.