ATLANTA - POS Technologies, a division of Southeast Switch Inc., and Banctec Payment Systems, a division of Banctec Inc., formed a partnership to provide end-to-end point of sale payments systems for the multilane retail marketplace.
Based on a new interface between the POS Technologies mainframe host and Banctec's Mainsail retailer software, the partnership will be working to provide a complete end-user POS payments processing system for debit cards, credit cards, check authorizations, and private-label transactions in typical multilane environments.
The partnership has been chosen by Ukrop's Super Markets Inc. to debut this processing system in all of their supermarkets in southeast Virginia. The project is expected to be implemented in April.
POS Technologies executives say this is the first in a series of alliances with retail systems providers.
Southeast Switch, the Maitland, Fla.-based owner and operator of the Honor electronic banking network, offers an array of services through three divisions: ATM Technologies, Card Technologies, and POS Technologies.
- Compiled by Beth Piskora