Apart from security and peace of mind, a cost saving in the region of 20 - 30% is possible on telecommunication costs associated with EFT transactions.
The Xlink communicator is a device that replaces the telephone line as a link between the point-of-sale and the financial institution, connecting the two via GPRS over mobile networks MTN and Vodacom. The result: EFT payments processed at high transaction speeds, with the risk of down-time minimised in even remote towns throughout South Africa.
Owing to transaction speeds of less than four seconds, there is no trade-off between secure banking and increased sales turn over. The use of floor limits is avoided, as the Xlink Communicator makes a connection and obtains complete authorisation for every transaction. The device therefore provides a reliable and secure EFT link and is well-suited to the debit card environment, a market that is said to have surpassed that of credit cards in South Africa.
The device is approved by the four major banking institutions in South Africa, as well as ICASA.
