Lithuanian ASHBURN International company talks about advantages of innovation system

Lithuanian ASHBURN International company talks about advantages of innovation system

BAKU, Azerbaijan, May 3

By Sadraddin Agjayev - Trend:

The multi-vendor TransLink.iQ system, which is supplied to Azerbaijan, provides entrepreneurs with the opportunity to connect EFTPOS terminals made by different manufacturers, Executive Director of Lithuanian ASHBURN International company Zhorzas Sarafanovicius said in an interview with Trend.

Sarafanovicius spoke about TransLink.iQ innovative system, its advantages and multi-vendor system.

“The solution can be successfully applied to a number of devices manufactured by Verifone, PAX Technology or Ingenico companies,” executive director said. “We have been cooperating with them for many years.”

“We have installed the terminals of Ingenico, the world leader in the production of systems for making quick payments, for Azer Turk Bank for the first time in Azerbaijan,” Sarafanovicius said.

“Another advantage of TransLink.iQ is multi-merchant function support,” executive director said. “The solution allows using one physical device to make payments to several sellers of goods and services. This reduces the cost of renting an EFTPOS terminal as several merchants can use one device at once. A merchant to which the payment is being made can be chosen in various ways up to using the specialized ID-cards."

The TransLink.iQ system allows sending transactions to various acquiring banks depending on the card parameters, which reduces the cost of transaction processing for merchants and in some cases makes it possible to save on trading acquiring fees.

EFTPOS terminal - Ingenico Move 2500 is an acquiring device, which has been sold since 2019. Such a model is optimally suited for the spheres of activity where mobility is required. The autonomous work is carried out through the battery. The functionality envisages the acceptance of contactless payment (PayPass). Wi-Fi, GPRS, 3G or Ethernet port are used to connect to the network.

ASHBURN International is an official partner of the world's biggest manufacturer of EFTPOS terminals Ingenico Group in Azerbaijan. EFTPOS-terminals are supplied in cooperation with BSKOM, a BS / 2 subsidiary offering specialized solutions to the financial and trade organizations in Azerbaijan.

---

Follow the author on Twitter: agdzhaev

Subscribe to Trend in Google News! Subscribe
Iran sees increase in Turkish steel imports for 9M2021
Iran sees increase in Turkish steel imports for 9M2021
Refining activity of Iran's Fajr Jam Gas Refining Company soars
Refining activity of Iran's Fajr Jam Gas Refining Company soars
Iran’s Persian Gulf Petrochemical Industries Corporation sets new record
Iran’s Persian Gulf Petrochemical Industries Corporation sets new record
Loading Bars
Latest
FMs of Azerbaijan, Croatia hold expanded meeting in Baku
Azerbaijan's Energy Ministry presents "green energy" dev't concept
Azerbaijani First VP Mehriban Aliyeva shares footages from meeting with former IDPs in Fuzuli (VIDEO)
Turkey reveals its total cargo traffic for 9M2021
Georgia shares data on COVID-19 cases for October 20
Azerbaijan sees rise in cost of cargo transportation by road
Azerbaijani State Security Service's chief meets with VP of ICRC
Iranian currency rates for October 20
Azerbaijan deputy minister talks number of precious metal deposits in liberated territories
Turkmenistan, LUKOIL talk dev’t of hydrocarbon resources of Caspian Sea region
Azerbaijani oil prices increase
Azerbaijan's revenues from mobile communication services up in 9M2021
Turkmenistan to launch "single window" system for export-import operations
Azerbaijani ambassador presents his credentials to King of Belgium
Turkey reveals cargo volume handled from Tunisia in 8M2021
UN launches number of specialized services in Turkmenistan
Amazon lowers threshold for free delivery to Israel
Azerbaijan provides broadcasting of TV, radio channels in liberated Zangilan (PHOTO)
AutoStore, Norway's biggest IPO in two decades, valued at $12.4 bln
Facebook plans to change its name
Kyrgyzstan administers 13,249 vaccines over past day
Iran sees increase in Turkish steel imports for 9M2021
Turkey discloses cargo traffic via local ports from Malta in 8M2021
Georgia ready to develop, deepen strategic partnership with Azerbaijan – PM
Azerbaijan eyes applying Generic Statistical Business Process Model
Explosion destroys army bus in central Damascus
Oil dips as China considers intervention to ease coal crunch
Expert explains why Turkish products in Baku don't fall in price amid devaluation of lira
Azerbaijan, Slovakia ink new deal on economic co-op (PHOTO)
Olympic flame arrives in China for Beijing 2022 Winter Games
Explosion heard in Afghanistan's Kabul
1,683 more COVID-19 cases reported in Kazakhstan
UNICEF to help Turkmenistan increase emergency preparedness
COVID-19 cases worldwide down 4%, deaths down 2% in past week — WHO
UN Security Council to talk North Korea's missile test
U.S. remains prepared to engage with DPRK after missile test: White House
UK foreign minister to visit Saudi Arabia, Qatar
Israel detects 1st case of COVID-19 Delta variant "AY4.2"
Bomb threat issued in Washington DC
U.S. secretary of homeland security tests positive for COVID-19 after full vaccination
North Korea confirms it launched SLBM
Israel says Abu Dhabi crown prince invites Israeli PM for 1st official visit
Volkswagen executive sees global chip shortage running well into 2022
Azerbaijani Foreign Ministry shares Tweet marking anniversary of liberation of Zangilan (PHOTO)
Chronicles of Victory: President Ilham Aliyev addresses the nation due to liberation of Zangilan on October 20, 2020 (PHOTO/VIDEO)
Chronicles of Victory: October 20, 2020
U.S. workers face layoffs as U.S COVID-19 vaccine mandates kick in
21 passengers escape plane safely after crash in Texas, officials say
Facebook to pay up to $14.25 mln to settle U.S. employment discrimination claims
Azerbaijan discloses names of returned Armenian servicemen
Uzbekistan exports $625 million worth of fruits and vegetables in 9 months
UK records highest daily COVID death toll since early March
Ukrainian Bees Airline plans to launch Odessa-Tbilisi-Odessa flights starting October 22
Iranian official dismisses 'tensions' at Astara customs, says activity with Azerbaijan soars
Turkmenistan starts rice harvest in Dashoguz region
Azerbaijan supports all int’l efforts to ensure transparency in extractive industries – minister
Refining activity of Iran's Fajr Jam Gas Refining Company soars
Iran’s Persian Gulf Petrochemical Industries Corporation sets new record
Azerbaijan's defense minister visits newly established commando military unit (PHOTO/VIDEO)
Iran’s PMO declares data on load/unload operations in Jask Port
Iran intends to increase exports through Astara
Turkey reveals cargo traffic via its ports from Portugal for 8M2021
Exports of Iran to Kyrgyzstan booming
President Ilham Aliyev receives Croatia's Minister of Foreign and European Affairs (VIDEO)
Iran's Energy Exchange announces products to be on sale on October 20
President Ilham Aliyev expresses condolences to President Recep Tayyip Erdogan
Iran’s Bahar Azadi gold coin price rebounds
Azerbaijan transfers captured Armenian servicemen back to Armenia
Uzbekistan plans to exempt import and sale of meat products from VAT
Turkey shares data on maritime cargo shipment with Russia for 8M2021
Azerbaijan shares data on oil transported via BTC pipeline in 9M2021
USAID to provide additional funds for Kazakhstan to fight COVID-19
Turkey announces data on cargo traffic with Italy for 8M2021
Kazakhstan imposes export restrictions for some timber types
Azerbaijan names locations of future national parks in liberated territories
Azerbaijan demands certain steps from Armenia at UN International Court of Justice
Iran’s 9M2021 Turkish cement imports up
Iran to host meeting on economic co-op with Turkmenistan
Georgian foreign trade turnover increases
Iran increases petrochemicals production
Kazakhstan sees increase in number of open trading accounts
​Iran allocates more funds for oil and gas projects in Ilam Province
Turkey unveils data on cargo traffic via its ports from Spain
Georgia's domestic export up in 9M2021
Value of Turkish cement exports to Georgia for 8M2021 down
Turkey shares data on cargo traffic with Greece for 8M2021
Turkey reveals cargo volume handled from Egypt in 8M2021
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 2,102 more COVID-19 cases, 863 recoveries
Cargo traffic on Azerbaijan's section of TRACECA for 8M2021 revealed
IMF lowers breakeven oil price level for Azerbaijan
Saudi index hits 15-year peak as most Gulf bourses gain
Israel's Bank Mizrahi Tefahot to issue $1.1 bln of CPI-linked bonds
Iran seeks to complete semi-finished project related to Lake Urmia's revitalization
Iran imports trucks to renovate transportation fleet
IMF revises up forecasts for Azerbaijan’s non-oil GDP growth
Iran`s domestic appliances production increases
IMF reveals forecast for Azerbaijan’s annual inflation
Iran's imports from neighboring countries up
Turkey discloses volume of cargo shipment via its ports from Singapore for 8M2021
All news