point of sale
ARCHITECTURE FOR INTEGRATION OF POINT OF SALE
TERMINALS WITH FINANCIAL INSTITUTIONS THROUGH
WEB SERVICES
ERIK-JAN MONSHOUWER, RAUL VALVERDE
University of Liverpool
Concordia University
ABSTRACT
With the conventional POS payment transaction method, vendors are bound to a payment institute in their region and can only use relatively expensive dedicated or slow dial-up lines to their financial institute. This paper report covers the work to produce an architecture and a prototype that supports Point of Sales terminal payments over the Internet through web services. With the use of web services for payment transactions, vendors will get more freedom to choosing their provider and the services they take without having to throw away their legacy applications. Given the globalization of the economy, vendors can negotiate about services and fees with payment providers all over the world.
Literature research and the prototype tests and evaluation in this project shows that transactions fees and performance of POS terminal payments transactions trough web services can be competitive to conventional payment transactions methods and create flexibility for vendors POS terminal application.
Vendor’s available Internet connections and the web services standards in the market can be used for payment transactions. With web services the system can be created and changed relatively fast and simple if the right skills are available.
Keywords: Pos, Architecture, Financial Institutions, Vendors, Web Services., Transactions Fees
1. INTRODUCTION
The next section will describe the research methodology of the project. After, the literature review describes the conventionally payment processing method, web services and architecture frameworks with significant attention. Following good information systems practices, this paper will describe the architecture and the prototype with system’s specification and design, implementation, test and evaluation.
The last
TERMINALS WITH FINANCIAL INSTITUTIONS THROUGH
WEB SERVICES
ERIK-JAN MONSHOUWER, RAUL VALVERDE
University of Liverpool
Concordia University
ABSTRACT
With the conventional POS payment transaction method, vendors are bound to a payment institute in their region and can only use relatively expensive dedicated or slow dial-up lines to their financial institute. This paper report covers the work to produce an architecture and a prototype that supports Point of Sales terminal payments over the Internet through web services. With the use of web services for payment transactions, vendors will get more freedom to choosing their provider and the services they take without having to throw away their legacy applications. Given the globalization of the economy, vendors can negotiate about services and fees with payment providers all over the world.
Literature research and the prototype tests and evaluation in this project shows that transactions fees and performance of POS terminal payments transactions trough web services can be competitive to conventional payment transactions methods and create flexibility for vendors POS terminal application.
Vendor’s available Internet connections and the web services standards in the market can be used for payment transactions. With web services the system can be created and changed relatively fast and simple if the right skills are available.
Keywords: Pos, Architecture, Financial Institutions, Vendors, Web Services., Transactions Fees
1. INTRODUCTION
The next section will describe the research methodology of the project. After, the literature review describes the conventionally payment processing method, web services and architecture frameworks with significant attention. Following good information systems practices, this paper will describe the architecture and the prototype with system’s specification and design, implementation, test and evaluation.
The last
References: [1] Burstein, F. and Gregor, S. (1999), "The systems development or engineering [2] Knight, Linda (2001); Steinbach, Theresa; Kellen, Vince; "System Development January 2001, available from Internet (February 2005) English) (November 2004) Humphrey, David (2003); Willenson, Magnus; Lindblom, Ted; Bergendahl, Göran (12 November 2004). [6] Munck, Silvain; Stroeken, Jan and Hawkins, Richard (2001), TNO is a knowledge Internet (30 November 2009). [7] Cohen, J.; Lee, W. and Darlington, J. (2005). Meeting 2005, Nottingham, U.K., 19th – 22nd September, 2005