EFT

Credit Card payments are now a way of life and Zonal's EFT solution (with or without Chip and PIN functionality) is an integral part of our EPoS system. Using our Chip and PIN terminal you can protect yourself and your customers from fraud.

Credit and debit card transactions are replacing cash as the payment method preferred by customers. It is critical to your business that you can process EFT (electronic funds transfer) transactions efficiently and have the security features in place to protect yourself from fraud.

Zonal offers a full featured and secure EFT system that can be configured for all major banks. Aztec Card Services (EFT) is used to process credit and debit card transactions from Zonal terminals and ensures that transaction details are verified and the payment goes to your bank. The system is approved by all UK High Street banks and clearing houses.

After February 14th 2006 cardholders must use their PIN to be able to pay with their Chip and PIN cards. If shoppers don't use a PIN, their card may be declined and the option of signing can no longer be guaranteed.

Recent consumer research conducted by RSGB Omnibus (Sept 05) shows that UK cardholders have overwhelmingly embraced Chip and PIN. 87 per cent of Chip and PIN cardholders find Chip and PIN easy to use.

Trading results in the six months to June 2005 have shown that there has been a £36 million reduction in counterfeit and lost and stolen fraud on plastic cards compared with the same period last year. This reduction of nearly a third (29%) - from £126.6m in the first six months of 2004 to £89.9m in the same period in 2005 - is due to the new Chip and PIN system and shows the huge effect that using PIN is having on fighting fraud. This represents a fall of 31 per cent in counterfeit card fraud and 27 per cent in lost and stolen card fraud.

Chip and PIN functionality: You cannot afford to take chances with fraud. With our Chip and PIN EFT solution you have the assurance of a secure payment system that is quick and easy to use.
Increased speed and accuracy: Zonal's integrated EFT PoS system vastly improves the speed and accuracy of all transactions, enabling your customers to receive 'a good last impression'- a requisite to maintain customer loyalty. As Zonal's EFT system is integrated with the terminal, the whole process can be handled in a single operation with no additional equipment required. If you choose the Chip and PIN option we will attach an additional Chip and PIN device.
Bank submissions: At the end of the business day, Aztec Card Services (EFT) controls the submission of funds to the bank. It can either be configured for polling by the bank or consolidated bulk delivery. In the latter case, all your outlets send funds to your head office, which in turn submits the whole company's funds to bank in one transaction, saving on polling fees.
Reporting options: Aztec Card Services (EFT) includes a comprehensive range of reports that help you analyse and verify transaction data. You can check the log of all transactions or search for particular card entries or refunds.

Features include:

Chip and PIN
Multiple concurrent transactions at each point-of-sale
Any terminal with the card swipe module can take EFT transactions
The reconciliation at the end of each night is simplified
Gratuities and refunds are supported
Hold facility enabling customers to sign the bill at their table
Customer not present facility for deposits, advance bookings and other table and telephone transactions
Cash back
Fast swipe card transactions
Magnetic stripe reader accessory for Handheld PoS, speeding up customer service
Streamlined submission so that all transactions looks like one EFT terminal to the bank (using the APACS 50 standard)
Savings on polling charges by collecting EFT with EPoS data and submit all your outlets in one file from head office (using the bulk delivery APACS 29 standard)
Security against fraud by authorising each transaction online at the time of sale in as little as four seconds
Extensive reports available