MotoPOS

Our MotoPOS services are used for collective bill collection by credit card i.e for the collection of institutions which take payments only during certain periods (ex. GSM operators, ADSL service providers).

The institution transmits the automatic payment orders by credit card, taken by its own subscribers, to the bank on certain days or on the bill’s due date; the bank also carries out an authorization transaction collectively for the indicated cards and communicates the realization of the payment in the feedback file to the institution.

• What are the Advantages ?

  • The institution not only makes its collections under guarantee but also increases customer satisfaction by providing the facility of automatic payment by credit card to its own subscribers.
  • The institution can get authorization collectively rather than doing it one by one for transactions made at POS terminals for the automatic payment orders taken. This saves on labor, and it can also collectively pass on payment information into its own system, by using the sent feedback authorization file.

• How does MotoPOS System Works?

  First the company sends the Automatic Payment Request made on credit cards by its members, e.g. Members of a GSM Operator, to KoopBank at particular dates or on the last due date of its bills collectively in a file by a reliable tool like CD or Disc.

  KoopBank uses the credit card number, the last expiry date and the three digit CVV code from the back of the card, the amount on the bill, the company’s member number details and completes the authorisation process electronically and notifies the company within 3 hours using the feedback file.

  Whether or not the transaction is realized, it appears in the feedback file, the reasons for unrealized ones are specified by codes.The institution passes the information on to its own system electronically using that feedback file.