United Commercial Bank (UCB) has pioneered the introduction of NFC (Near Field Communication) technology-enabled POS (Point of Sale) machines in Bangladesh. This groundbreaking initiative is set to revolutionize the payment landscape by allowing contactless transactions, ensuring speed, security, and convenience for both merchants and customers.
Key Features of UCB NFC POS Machines
NFC-Based POS Terminal
PCI-DSS Certified POS Terminal
Security is paramount when it comes to financial transactions. UCB’s POS machines are PCI-DSS certified, ensuring compliance with global security standards and protecting sensitive cardholder information from fraud and cyber threats.
Easy Operation for End Users
The intuitive interface and user-friendly design make UCB’s NFC POS terminals easy to operate. Merchants can process payments seamlessly, enhancing the overall transaction experience for customers.
Real-Time EMI Processing
For the first time in Bangladesh, UCB has introduced real-time EMI (Equated Monthly Installment) processing directly through its POS terminals. Customers opting for EMI payments no longer need to fill out lengthy paperwork; the entire process is digitized, making it hassle-free and efficient.
Dual SIM-Based POS Terminal
To ensure uninterrupted transactions, UCB’s POS machines come equipped with dual SIM support. This redundancy guarantees seamless connectivity, eliminating transaction failures due to network issues.
3G Network Support
The POS terminals support 3G network frequencies, ensuring stable and reliable connections. Merchants no longer have to worry about network disruptions affecting payment processing.
Dual SIM 3G POS Devices: Ensuring Connectivity With a dual SIM feature, UCB’s NFC POS terminals minimize transaction failures due to poor network connectivity. The devices are designed to support 3G network frequencies, ensuring that merchants experience minimal disruptions during transactions. This advanced feature guarantees seamless and efficient payment processing, contributing to enhanced customer satisfaction.
Real-Time Online EMI Enrollment: A Game Changer
UCB has introduced a state-of-the-art real-time EMI enrollment process via its POS systems. Merchants can now process EMI transactions directly from the POS terminal without requiring additional paperwork. This streamlined approach offers:
Instant EMI enrollment – No extra steps or manual documentation.
Hassle-free EMI processing – Quick and efficient transaction completion.
Customer notifications – UCB credit cardholders receive SMS notifications for purchases and EMI enrollments, keeping them informed in real time.
UCB’s Secure Payment Gateway Service
UCB’s Payment Gateway Service offers robust security and efficiency for online transactions. The key features include:
PCI-DSS Certified Payment Gateway Solution – Ensuring global security compliance for secure transactions.
Real-Time Transaction Processing – Instant transaction validation and processing.
3D Secure Code Verification – Supporting Verified by VISA (VbV) and MasterCard SecureCode for enhanced security.
Fraud Prevention & Liability Shift – Reduced fraud risks with issuer bank liability shift.
Credit/Debit Card Identification – Automatic identification and verification of cards, provided the issuer bank supports it.
Seamless Integration with Merchant Websites – A flexible payment gateway solution that integrates effortlessly with online businesses.
Quick Refund Processing – Faster and more efficient refund procedures for customer convenience.
Merchant Discount Rate (MDR)
The Merchant Discount Rate (MDR) for using United Commercial Bank's POS machines, as well as payment and settlement fees, are predetermined through a Memorandum of Understanding (MoU) between the respective merchant and the bank.
United Commercial Bank’s introduction of NFC-enabled POS terminals marks a significant leap in Bangladesh’s payment industry. By ensuring secure, contactless, and efficient transactions, UCB is not only enhancing merchant services but also elevating customer satisfaction. With advanced features such as dual SIM connectivity, real-time EMI processing, and a secure payment gateway, UCB continues to set new benchmarks in the financial sector. Businesses and consumers alike can now enjoy a seamless, secure, and futuristic payment experience with UCB’s innovative NFC POS solutions.
For more detailed information on this matter, please contact United Commercial Bank's call center. To reach the call center from any phone in Bangladesh, dial 16419.
Source: United Commercial Bank PLC