The Smart terminal will see businesses able to customise their payment experience with an ‘App Marketplace’ featuring tailored apps in sectors such as health, hospitality and not-for-profit.
It also includes a number of in built features to split payments, add surcharging, tipping, and email receipts – making it more seamless and convenient for consumers to pay and businesses to get paid.
In what the CBA says is an Australian first,the Smart terminal also features dual sim functionality, plus Wi-Fi, 4G/3G and broadband, to offer improved connectivity to keep business up and running.
CBA Group Executive, Business Banking, Mike Vacy-Lyle said: “These new payment solutions are designed for the businesses of the future. Using the latest technology and customer feedback, we’re making payment solutions that are more intuitive, customisable and secure.”
“The Smart terminal will replace our Albert terminals, and among other things, offer businesses more in-built features to efficiently and seamlessly manage their day-to-day payments operations. This means businesses can spend more time serving their customers and focusing on what matters most to them in their business.”
The CBA notes that the smart terminal can accommodate sim cards from two different network providers, as well as Wi-Fi, and a lite Point-of-Sale inventory system with many businesses not needing a more comprehensive integrated solution.
“The new, smarter features will be particulary useful for hospitality, retail, and healthcare businesses, helping merchants save time with inbuilt surcharging and tipping, and same day settlements to help manage cash flow,” Vacy Lyle said.
The CBA has also announced that later this year it will further expand its payment options, launching a mobile Secure Card Reader that can easily pair to a business’s own device (tablet or phone) to take chip and contactless payments. Designed to be lightweight, mobile and pocket-friendly, the Smart Mini Pay will enable merchants to take payments on-the-go.
