1. What is mpos
MPOS is a new type of payment product, which is connected to general smart mobile devices such as mobile phones and tablet computers, and transmits information through the Internet. Card reading, PIN input, data encryption and decryption, prompt information display and other operations, so as to realize the application of payment function.
MPOS includes terminal equipment and related applications. Merchant cashier operations are performed through mobile communication devices (including the onboard payment application software), the collection and encryption of UnionPay card-related information is completed by an external dedicated acceptance terminal, and transactions are completed through interaction between mobile communication devices and the background processing system. This process involves The front-end dedicated software and hardware devices are collectively referred to as MPOS.
Second, the difference between MPOS and POS machines
The difference between MPOS and POS: different purchase orders, different principles, different portability, different costs, Different sizes, different functions, different safety. Overall, MPOS is better than POS. MPOS is a new type of acquiring terminal, which is connected to mobile devices such as mobile phones through Bluetooth, audio and other interfaces to meet the needs of merchants for small-amount collection.
After the transaction is completed, the POS will issue a paper purchase order, while the MPOS will not issue a paper purchase order, but the user can view the transaction record on the mobile phone connected to the MPOS.
The MPOS has a built-in SIM card, and the card is read in the card reader through the SIM card, and the transaction data is transmitted to the transaction terminal. After the transaction terminal receives the transaction data, the transaction data is packaged and transmitted to the NAC downlink card. The downlink card defined by the specific bits of , forwards the transaction data to the uplink card.
The POS stores the commodity information in the computer file in advance, and retrieves the data through the UnionPay transaction framework during the transaction. The barcode on the commodity is directly read through the optical reading device on the cash register to display the commodity. information.
POS provides merchants with services such as consumption, authorization, return, inquiring about running water, inquiring about balance, reprinting transaction vouchers, summarizing printing, changing passwords, and inquiring about stop payment lists. While MOPS does not have the function of reprinting transaction vouchers, it has other functions of POS, and also has functions that POS does not have, such as transfer, credit card, and phone bill recharge.
In terms of price, traditional POS is much more expensive than MPOS, and the price of MPOS is only 1/3 of that of traditional POS. It is undoubtedly a cost-effective choice for small business operators.
