Point of Sale (POS) Terminal

POS terminal is an electronic cash register that enables the Bank customers to pay for goods and services using their CenteCards. The system operates in such a way that funds are transferred from the Bank’s customer account to that of the seller or service provider commonly referred to as a Merchant. The POS terminals are positioned at Merchants' places of business e.g. Supermarkets, Pharmacies, Petrol Stations, Hotels and Restaurants e.t.c.

Basic Requirements:

• Savings or Current Account with the bank.
• Possession of a CenteCard.

Benefits:

• Fast, real-time transaction speed.
• Bank access to all information transacted on the POS.
• Higher security for merchants.
• Takes services closer to our customers.
• Reduction of cash related risks.