Developed by BKM and made available to banks, OPYS is an application that provides centralized software support for setting up multi-application POS terminals shared by multiple members, inviting other members, adding or removing them, and managing relationships with field service companies.
What is a shared POS?
A shared POS is a terminal on which the POS applications of more than one bank run on a single device. Instead of keeping multiple POS devices on the counter in order to work with different banks, the merchant uses a single device. This approach has become even more important with the spread of new-generation cash registers.
What does OPYS do in this process?
When more than one bank is present on a shared device, the device's lifecycle must be coordinated among these banks. OPYS provides this coordination centrally:
- The bank that set up the device inviting other banks to the shared POS
- Adding a new bank to the device, or removing a bank that is leaving
- Managing relationships with the field service companies that handle the device's installation, maintenance, and fault-resolution processes
Benefits
From the merchant's point of view, the number of devices on the counter decreases, and the merchant can decide more flexibly which bank it wants to work with. From the banks' point of view, device costs are shared, and transactions on a shared device are tracked through a central record. This prevents any confusion that might otherwise arise over which bank is present on which device.
