Payment Terminal Management Systems

Different payment terminal solutions are widely used by businesses nowadays. Generally speaking, there are two of them available at the market: payment terminal solutions with a local footprint and embedded payment terminal solutions. Embedded terminal solutions are becoming more popular mostly due to the switch to EMV which is approaching.

One of the essential components of an embedded payment terminal solution is a terminal management system. It is intended for the following needs re-injection of the key parameters; remote update of parameters; updates of the application installed on the terminal, etc. You can either develop your own system or license the existing one. Now, let’s point out the functions which are performed by a terminal management system:

• configure some parameters inside the terminal;
• perform remote key injection;
• perform remote updates;
• collect information from the terminals and generate appropriate reports or alerts;
• manage the terminal’s lifecycle;
• manage advertising materials.

Those who are interested in the explanation of these functions which is supported with illustrative examples and practical pieces of advice can find them in the full article at Paylosophy Blog.