Client Challenge
The client required a POS system to:
- Process regular card payments and digital payments.
- Integrate with existing third-party payment providers (PCI DSS compliance required)
- Enable crypto payments and digital currency exchange.
- Offer a user-friendly experience for both merchants and customers.
Solution
We have delivered a comprehensive POS solution with the following functionalities:
- Seamless Payment Processing: The system facilitates effortless card and digital payments through direct integrations with third-party providers, ensuring PCI DSS compliance.
- Cryptocurrency Integration: A key focus of the project was crypto functionality. The system allows merchants to:
- Accept crypto payments and receive fiat settlements directly to their bank accounts.
- Facilitate buying and selling of supported cryptocurrencies at their physical locations.
- Simplified User Experience:
- Merchants: A user-friendly interface enables merchants to manage payments, stock, and loyalty programs. Additionally, secure fingerprint login and user management features offer granular control.
- Customers: The system provides a streamlined process for crypto payments. Customers scan a QR code displayed at checkout for quick and secure transactions.
Security Measures
- Hardware Locking: A proprietary hardware locking algorithm safeguards the POS devices.
- Secure Communication: Request validation protocols ensure secure communication over HTTP.
- KYC Compliance: Integration of Optical Character Recognition (OCR) with analytics verifies customer identities with 99% accuracy, streamlining KYC processes.
- Data Encryption: A robust encryption scheme protects sensitive data at rest and in transit.
Results
The Evolt-developed POS system empowers clients to offer their merchants a modern and versatile payment solution. The system simplifies payment processing, enhances security, and caters to the growing demand for cryptocurrency transactions.
Key Takeaways
- Payment Processing: Seamless integration with various payment methods.
- Cryptocurrency Payments: Secure and user-friendly crypto transactions.
- Security: Prioritization of robust security measures for data protection.
- User Experience: Development of intuitive interfaces for both merchants and customers.
