MEPS widens card use by proactively acquiring consenting merchants – be they retailers, leisure outlets or other service providers – and providing an integrated, multi-card point-of-sale devices to facilitate all transactions.
A card issued by a bank offers little value to a customer if there are no merchants willing or able or to accept it. MEPS widens card use by proactively acquiring consenting merchants – be they retailers, leisure outlets or other service providers – and providing them withan integrated, multi-card point-of-sale device to facilitate all transactions. MEPS’s merchant acquiring service includes the installation of the device, round-the-clock technical support to ensure it remains online, and full staff training. Once in place, MEPS manages the reconciliation, settlement and clearing of all transactions between the concerned parties – the bank, the card company and the merchant – wherever each is located in the world. MEPS offers merchants a preferential discount rate, next-day settlement for all transactions and even tailored solutions for cardholder promotions, while the reconciliation service is supported by the issuing of regular statements and reports. Continuous monitoring of card use also helps combat fraud.