Swish and SYSTEX Lay the Foundation for Mobile Point-of-Sale Payment in Taiwan

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Swish, the mobile Point-of-Sale provider, and SYSTEX, Taiwan’s number one IT service provider, have partnered to bring a chip and swipe mobile point-of-sale solution to Taiwanese (merchants), large and small.

Swish the mobile Point-of-Sale provider, and SYSTEX, Taiwan’s number one IT service provider, have partnered to bring a chip and swipe mobile point-of-sale solution to Taiwanese (merchants), large and small.

In a deal signed last week, SYSTEX will be Swish’s technical and customer service support arm for the entire Taiwanese market, leveraging SYSTEX’s exceptional technical service delivery for technology in Taiwan.

Swish provides a complete solution, from the app, card reader, payment server, encryption, fraud screening, merchant portal and acquirer portal. Cardholders simply swipe or insert their credit card into the card reader device and sign on-screen to verify the payment. Services include payment processing, electronic receipts via SMS or email and a merchant portal for users to log-in to view complete transaction history and details.

Swish is supported by both Visa and MasterCard, and is one of the few mPOS providers that has both EMV Level 1 and Level 2 certification, as well as CE, ROHS and Apple MFI certifications. All credit card information is encrypted in the credit card reader device and securely transmitted through the smartphone. The phone does not store any information as it is used as a transmitter to process the transaction.

“mPOS has traditionally benefited SME’s because there are no monthly fees, a low set-up cost, great flexibility, and a quick registration process, it is now a very viable solution for larger enterprises as well,” stated Steven Murray, CEO Swish. “We’re pleased also that both Android and iOS will be compatible and supported with us.”

Francis Ben, VP of SYSTEX, stated, “Combining a wealth of experience in the payment industry and technical support, SYSTEX is committed to helping our banks clientele implement mPOS solutions. We believe the low cost and flexibility of mPOS will benefit not only our banking customers, but also card holders and merchant stores as well. It’s a win-win solution.”

Benefits for banks include a highly customizable application, secure and safe transactions (Swish is certified with both EMV Level 1 and Level 2).

Both white-label and PSP solutions will be available with Swish.

SYSTEX will be utilizing its strong distribution channels and experience in under-taking large scale projects to bring the solution to market.

About Swish:
Swish is a dynamic mobile payment company which launched in Hong Kong in December 2012, making us the first operational, fully EMV certified mobile point of sale (mPOS) solution in the market.

Our product offering consists of a revolutionary card reader, mobile payment app and back office solution which facilitate merchant creation, payment processing, fraud detection and reporting. The Swish card reader can be used to read chip and magstripe cards, making it the first low cost mobile payment solution of its kind.

The Swish priority is to provide intelligent, simple solutions for merchants who need to accept card payments in a convenient, compliant and secure manner. We strive to give merchants the freedom to take payments wherever and whenever they choose. This is an exciting change in the way people do business and we at Swish feel privileged to be a part of this movement.

Register at http://www.swishme.com/ (From May 2013 Swish's proprietary technology will be compatible with all smartphones)

About SYSTEX:
Founded in 1997, SYSTEX Corporation is the No.1 Taiwan-based IT services provider in the Asia-Pacific region with 3,000 employees and 48 branch offices in Taiwan, China, Hong Kong and Southeast Asia, and is working toward to the goal of being “the best IT service partner for enterprises in greater China area”. In 2012, SYSTEX’s consolidated revenues reached US$ 500 million.

As ranked 1st software service provider in Taiwan for 7 consecutive years as published in the May, 2013 issue of the Taiwan’s leading business magazine Common Wealth Magazine. Offered services for over 40,000 government and corporate clients, SYSTEX is renowned for delivering comprehensive IT applications and infrastructure solutions with the capabilities of international project management and software development and integration. Initially focused on the financial industry during its first decade of existence, SYSTEX has now expanded its competency footprint to the telecommunications, manufacturing industry, medical care industry, government and logistics sectors, and moved to the overseas markets. For more information about SYSTEX, please visit our website: http://www.systex.com.tw/english

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KIRSTEEN THAIN
Swish
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Irene Li
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