GHL System receives coveted MasterCard award
Kuala Lumpur, 8 October 2008 – GHL Systems, the Asia-Pacific region’s leading payments solutions provider has recently been awarded by MasterCard Worldwide as its Best Product Solutions Partner at the recent MasterCard Asia/Pacific Middle East & Africa (APMEA) Product Conference and Technology Fair 2008 in Singapore.
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The award affirms and recognizes GHL Systems’ achievements and commitment for developing and supplying its brand of contactless readers – the increasingly ubiquitous VersaRead VR-300 - that has been widely deployed across the Asia/Pacific region in support of the MasterCard’s PayPass Contactless Payment scheme.
In two short years, the current generation of the VR-300 has gone from strength-to-strength, and is regarded by many to be among the most innovative contactless reader in the market today.
GHL Systems was the first to recognize the necessity for a global interoperable contactless solution that would marry the world’s most popular contactless payment schemes into a single reader. As a result, the VR-300 was the first reader in the world to accept multiple contactless payment schemes.
Additionally, the VR-300 also first introduced initiatives to encourage contactless payments further by providing a straightforward, refined and consistent contactless payment workflow whereupon after a transaction amount was entered into the EDC terminal, it would then initiate both the terminal contact and contactless reader into a state of readiness – allowing the payment to be conducted in either a contactless, contact or magstripe method. This simplified the payment process a notch since it removed the necessity for the cashier or checkout operator to prompt the customer which payment method was preferred.
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“We are extremely excited and happy to receive this award. With such recognition from MasterCard of our efforts, the VersaRead VR-300 has proved yet again GHL Systems’ ability to deliver world-class contactless solutions. We are now even more encouraged and shall renew our commitment in working closely with MasterCard Worldwide to further promote the contactless payments agenda”, said Mr. Tay Beng Lock, Group Managing Director of GHL Systems.
“Not resting on our laurels, GHL Systems will continue to develop and grow our suite of compelling products and services offerings and to further deepen our partnership with MasterCard”, Tay added.
GHL Systems is now working on the next-generation of VersaRead contactless readers and is expected to be launched by the second quarter of 2009.
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