BKM TechPOS is an infrastructure through which card acquirers and POS/cash register (ECR) manufacturers can interoperate via BKM. With TechPOS, a single application developed for one device can run the parameters of all banks (and other organizations with merchant agreements) that have joined the system, allowing them to provide card acceptance services. This eliminates the need for device manufacturers to carry out separate technical integration with each organization that has a merchant agreement. Merchants can work with all the banks they want using a single device, creating efficiency across the industry.
Multiple banks on a single device
Before TechPOS, when merchants wanted to work with different banks, they generally had to keep a separate POS device for each bank. With TechPOS, multiple banks' POS applications can run on a single device. The bank to be used can be selected during the transaction.
From the device manufacturers' perspective
Before TechPOS, a POS or cash register manufacturer had to integrate separately with each bank's system and develop separate software for each bank. With TechPOS, the manufacturer develops a single application according to the common standard defined by BKM. This application can work with the parameters of all banks that have joined the system. This shortens the time it takes for new devices to reach the market.
From the banks' perspective
Instead of purchasing their own POS devices and deploying them in the field, banks can load their applications onto the merchant's existing device. This has reduced device costs, especially with the spread of new-generation cash register devices.
Relationship with the Common POS Management System
Having multiple banks on a single device requires coordinating the management of the device among these banks. This coordination is provided through BKM's Common POS Management System (OPYS).