14 DAY TRIAL // Payment Data Systems plans to develop and release a wireless payments app called iRemotePay for iPhone, iPad, and iPod touch, as well as a physical card-reader to enable merchants to process credit card and ACH payments (e-Checks) over wireless networks, as well as view payment transactions.
The solution is being developed with large enterprises in mind. PDS targets large customer bases where remote payment processing applications are a must nowadays.
Special events will constitute a secondary target for iRemotePay, but it will also cater to smaller companies, such as HVAC or plumbing services, that have a need for wireless payment applications, PDS said.
Although there are already several solutions of this kind out there, iRemotePay has a trio of features that make it unique, according to the developers.
For starters, it is targeted to merchants that have one or multiple devices in their service market but have a need for a common settlement account.
The fact that it will allow the entry and processing of ACH payments (e-Checks) is also a first, says PDS.
Finally, the two-piece solution is processor-independent.
That’s right, iRemotePay can act as a gateway to the merchant’s existing merchant processor who may not be Payment Data, according to the makers.
End-to-end transactions will be fully encrypted, making iRemotePay fully compliant with all current and future PCI security requirements.
Commenting on their plans to roll out iRemotePay for iOS devices, Louis Hoch, President and COO of Payment Data Systems, Inc., said “iRemotePay is a great addition to our mobile-based merchant processing platform.”
“Removing the need for fixed-location card entry terminals and taking advantage of an existing tool that is carried by tens of millions of people and simultaneously provides speed, security, and convenience for both the customer and the merchant representative clearly addresses the needs of the marketplace today and in the future,” Hoch added.