in-house apps rising

Mercury Processing Services International is finalizing its EFT POS payment application based on Ingenico Tetra platform. The provision of this application on new Ingenico platform presents continuation of in-house EFT POS payment application solutions and enabling business continuation for our current clients, using our current solutions.

Upgrading the pos game

In-house EFT POS development started quite a few years ago with in-house solution for Hypercom devices and then approximately 6 years ago, with rise of contactless payments, Mercury Processing Services International moved to Ingenico platform with Ingenico Telium 2 based solution. 

The new Tetra based EFT POS payment application is being built from scratch. Sometimes, it may be considered as a sort of shortcut to redo your existing application to have a quicker launch. When deciding on options, which direction to take, using Telium 2 as basis for development was indeed tempting.

However, decision was to start anew. In this way, our team succeeded to build a payment application which has a standalone payment module in addition to the “main” application which is to handle and drive all other supporting functionalities. Benefits of building new application are quite a few. 

By separating payment module from rest of the application, we are one step closer to planned PA DSS certification of our application. 

The Tetra platform opens up possibilities for creating value added functionalities. The primary goal is to enable business continuity for our acquirers. Additionally, despite being designed to run on Tetra platform, the application built is actually platform-agnostic. 

Podcast - the Future of the Mobile Point of Sales

In this episode, we take you through the future. More precisely the future of the mobile point of sales systems and why the future of small business payments is mobile.

Platform agnostic is a concept that refers to the design attributes and philosophies of software products. A platform agnostic product runs equally well across more than one platform.

opening opportunities for everyone

This opens up new possibilities in payment (card, device, …) acceptance development for us. Our Tetra based EFT POS payment application will be supporting all Tetra hardware ranges, which implies that our solution can be further present in all regular desktop but also mobile, WiFi or mPOS devices. In this way, we can support a broad specter of merchant profiles, in all cases offering a sturdy but flexible solution.


The Tetra solution will be offered for all markets we currently serve with our Telium 2 based application.
That includes Albania, Bosnia and Herzegovina, Croatia, Hungary, Romania, Slovenia, Serbia, Slovakia.

It will also be offered to a number of merchants except those implementing unattended solutions. Our Tetra is currently similar to EFT POS payment applications offered in the market. However, Tetra provides as standard an option to provide value added functionalities more easily than before.

what we think of POS future

Our expert Siniša Cavrić, Senior Business Consultant, is working on this project and has a lot of insight regarding the Point of Sales systems, their development and usage. This is what he said on the future of these systems: 

What is current state of EFT POS devices?

EFT POS devices that we have gotten used to may soon enough become things of past. With the flourishing of consumer electronics in everyday life and payment acceptance in what used to be a card-present environment, may significantly alter. 

Changes are already under way, however, it may not be clear what could be considered as a next mainstream or whether or not we will actually live to see one in the near future. 


How is Open Banking affecting this?

With the rise of open banking, the door opened to multiple choices, which all may not succeed to gather enough user focus to survive. Living in the EU, we all are witnessing efforts from policymakers to set slightly different set of requirements to be followed, not entirely market-driven, when shaping a solution, e.g. insisting on transparency for the user.

Old-fashioned rationales however are still very-much present to take part in shaping concepts of the shopping experience of tomorrow: a valid business case and high (enough) user adoption rates implying the solution is user friendly, fast and secure -  all of these are by far the most commonly used filters for non-good solutions. 

What do you think is the next best solution?

The next best solution will be one to close on all those requirements. In the meantime, merchants will have to find a way to balance between a plethora of payment acceptance solutions being available today and the cost of providing such experience to its customers, which is perhaps more demanding than it sounds. 


Where are the changes happening?

Markets where our Company is present with its acquiring services are witnessing all changes we have mentioned before, but perhaps have a different starting point than the rest of Europe.

Take Croatia for example – merchants are currently very much catered by the Acquirer in various ways in order to have their payment tool present at the merchant location.

New solutions accepting different alternative methods are usually brought up by new IT players in the market which are then showing up as a “middle man”, in between the merchant and the acquirer.  

Merchants will need to adjust to the fact that conditions of EFT POS or alternative payment method acceptance are now negotiated with the (technical) service provider rather than the acquirer.