In modern times, there is a plethora of payment providers available to retailers, and the value proposition or commercial terms may change over time. One of the primary barriers for retailers in adopting new payment systems is the cost and time it takes to integrate with their point of sale (POS) systems.
The PHILOBROKER EFT Provider Edition is specifically designed to serve Payment Service Providers (PSPs) as a core part of their service offering and value proposition. When adopted by PSPs, it enables them to offer merchants a solution that facilitates simple, fast, and low-cost integrations with existing POS systems, acting as middleware between the PSP and the merchant.
PHILOBROKER integrates EFT protocols used by terminals provided to merchants. On the other side, PHILOBROKER can either adapt to the merchant’s POS/ECR system through a custom-made plugin or provide a set of tools and web services for the POS/ECR servicing vendor to integrate. The system, managed through a plugins manager, allows PSPs to handle multiple terminal models and protocol versions, and easily integrate with a wide range of POS/ECR software solutions.
This flexibility enables PSPs to support merchants with a uniform installed base of EFT terminals and protocols, as well as those with a mix of terminal models and protocol versions. Furthermore, the solution offers merchants the agility to allocate EFT terminals across different types of checkout stations, whether fixed, self-service, or mobile. It supports one-to-many and many-to-one configurations (e.g., one EFT terminal serving multiple POS/ECR systems or multiple EFT terminals for a single POS/ECR device).
Ultimately, PHILOBROKER empowers PSPs to offer a flexible, scalable solution that reduces integration costs and time-to-market, covering a wide range of merchant use cases.