A payment system that supports all retailer payment platforms has been launched by Smart Technology Solutions (STS).
The G8way system is an extension to the STS SmartNS framework, designed to deliver a flexible, open standards-based payments system to retailers globally.
STS said G8way delivers the first flexible payment system to support all payments standards through one simple integration, to either a retailer's EPoS (Electronic Point of Sale) system or as a stand-alone payments terminal.
For multinational companies, G8way means the standardisation of payments infrastructure across international operations rather than running multiple systems.
Through the use of existing IP infrastructures, G8way also centralises reporting capabilities, greatly reducing information management overheads, said STS.
G8way's IP-based architecture provides a centrally managed electronic funds transfer (EFT) system. This centralised control reduces costs for retailers and terminal operators by removing the need to manage local "thick client software".
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