Orange’s enterprise arm has signed a deal with financial technology firm SIA that will enable banks and merchants in Europe to manage payments via mobile point of sale (POS) terminals.
Specifically, Orange Business Services said it will provide SIA with a managed M2M solution, including global roaming services, that will enable remote terminals to automatically transmit data.
Italy-based SIA creates platforms and services for financial institutions, corporates and public administration bodies. It said it has enabled almost 5,000 mobile POS terminals and plans to reach around 60,000 terminals by the end of the year.
OBS said the deal will allow SIA to take “a significant step forward” in the creation of a single operating network to collect payments traffic generated by wireless POS terminals and deliver it to the authorisation systems of banks.
Andrea Galeazzi, Network Services Division Director at SIA, commented: “From today we are able to simplify further the communications between merchants and banks by offering payments also via mobile POS terminals at continental level. This reconfirms SIA’s role as a single partner in Europe, managing the last mile of payments regardless of the type of connectivity employed and the country where the transaction is originated.”
The deal is a boost to OBS, which had a bad 2013 from a financial point of view. Revenues fell 5.3 percent to €6.5 billion due what it described as “heightened competition on prices in a difficult European economic environment”.
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