Agreement to distribute wireless point-of-sale and mobile ATM

19 November 2003 News

Beget Holdings has acquired the exclusive distribution rights for the banking industry from Leaf Wireless, to market a wireless all-in-one point-of-sale, mini ATM and voucher device.

The Intellect Aero is a portable device that uses GPRS (global packet radio switching) to carry out debit and credit card transactions faster than land lines or any other currently-used communications methods, remaining online and active at all times. Additional function capabilities include purchasing of prepaid airtime, payment of telephone or water and light accounts, as a cashless ATM or voucher dispenser. Many more functions can be incorporated into the device, according to Beget Holdings.

The agreement is pertinent to the financial and banking sectors who are required to upgrade their ATM and point-of-sale terminals to comply with the new EMV international card standard that comes into effect early in 2005.

According to Beget MD, André Potgieter that there are 130 000 point-of-sale terminals in use in South Africa that need to be upgraded. "These are only the figures for the formal sector. The potential for wireless mobile ATMs and POS to create a cashless environment for the informal market extends to an estimated 250 000 units covering street hawkers, flea market vendors, repair services and for fund raising events such as fetes and bazaars."

For more information contact André Potgieter, Beget Solutions, 012 348 1216.

Further reading:

Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.

Read more...

---

Jemstech to produce PCB assemblies for Kamstrup
Jemstech News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.

Read more...

---

New appointments at Hiconnex
Hiconnex News
Hiconnex, a leading provider of electronic components and solutions, has announced key appointments to support its continued growth and commitments to its clients.

Read more...

---

FoundriesFactory service more affordable for smaller OEMs
News
Foundries.io has announced a new, tiered pricing scheme which reduces the cost of its highly regarded FoundriesFactory service for OEMs in the development phase of a new edge AI or Linux OS-based product.

Read more...

---

DMASS 2024 results
News
The semiconductor business faced a severe downturn, with a 31,9% decrease compared to 2023 and a 30,3% drop in Q4 2024 compared to the same period last year.

Read more...

---

Using satellite comms to end copper theft
News
According to Transnet COO Solly Letsoalo, the scourge of copper theft could be a thing of the past by eliminating the use of copper cabling and switching to a satellite communication system.

Read more...

---

Strategic merger: Etion Create and Nanoteq
Etion Create News
Reunert has announced the successful merger of two business units within the Applied Electronics Segment, namely Etion Create and Nanoteq, effective 1 October 2024.

Read more...

---

Securex South Africa 2025
Specialised Exhibitions News
Securex South Africa 2025 is co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo to provide a time-saver for visitors looking for holistic solutions for their facilities.

Read more...

---

Chinese AI causes Silicon Valley stocks to tumble
News
Many stocks took a downward spike, with Nvidia being the hardest hit, losing 16,9% after one day’s trading.

Read more...

---

Silicon Labs 4th quarter results
News
Silicon Labs has reported financial results for the fourth quarter with highlights including a total revenue of $166 million and Home & Life revenue up 11% to $78 million.

Read more...

---