A Point of Sales terminal (POS) is an electronic device used to process card payments /purchases at merchant locations.

POS service offerings

• Debit/Credit Purchase & Sales
• Balance Enquiry
• Utility Bills Payment
• Revenue Collection
• Airtime Vending
• Cash Back
• Toll Collection
• Ticketing
• Debit/Credit Card Activation
• PIN Change
• Funds Transfer
• Other Payment Possibilities

Requirements for deployment of POS terminals

• Corporate account relationship must be established
• Relevant forms and agreements must be executed

Cards which can be used on Skye Bank POS terminals

• Interswitch Cards (Verve and MasterCard Verve)
• Visa Cards (Local and Foreign Issued)
• MasterCard (Local and Foreign Issued)

Benefits of Deploying POS terminals

• Payment for purchases can be made any time of the day at no risk to the merchant
• Immediate confirmation of payment is possible via receipts generated from the terminals.
• Having the terminals at a merchant’s location will make payment smoother and more convenient.
• The POS terminal eliminates time and resources required for cash counting/handling. This improves service delivery due to the low manpower requirements for POS handling.
• Error-free transaction processing. Accounting will become simplified as settlement statements will be provided electronically to simplify monitoring.

POS Forms (PDF)