Product: Mobilescape 5000
Company: Commerciant LP

True or False: The shrinking market for payment processing services is reaching its saturation point. Many ISOs and merchant level salespeople (MLSs) would agree with the statement. After all, most merchants already accept plastic, and despite an array of value-added services, each sale seems tougher than the last.

According to Commerciant LP, however, the industry is highly competitive but far from saturated. In fact, a large swath of merchants spanning a wide variety of businesses is not up to speed with processing: It's comprised of those who transact business "out in the field."

From pizza delivery to home repair to wholesale jewelry sales, many merchants provide products and services away from their offices and shops. Accepting credit cards under these circumstances hasn't been easy.

Card Associations charge higher fees for manually entered card numbers, and there are few reliable ways to verify the legitimacy of checks received while on the road.

Fortunately, wireless technology is no longer relegated to the realm of science fiction. Though still evolving, wireless devices already facilitate electronic payments for merchants on the move. Commerciant specializes in this arena, and its latest offering could meet the needs of many merchants, thereby boosting the portfolios of enterprising ISOs and MLSs.

The Mobilescape 5000 is a handheld wireless terminal with magnetic stripe and check scanning capabilities. It provides fast transaction processing and is one of the few terminals made in the United States.

This wireless payment processing solution is all inclusive, coming with requisite hardware, software, wireless service, any necessary integration and 24/7 customer support and maintenance.

Checks are converted into electronic payments with Mobliescape's variable velocity magnetic ink character recognition reader.

Checks that can't be processed through the automated clearing house network (including business-to-business checks) can be entered manually and processed in original form.

To ensure the soundness of checks, Commerciant is working with a variety of major check processing firms to extend check verification and guarantee services, at an added cost, to Mobilescape users.

The terminal is touch-screen only, providing a straightforward, easy-to-operate user interface. Signature capture for checks and bank cards stores signatures with transaction records. This information is uploadable to the Web and is accessible via an Internet portal that merchants can access easily.

Mobilescape is certified with all major processors and is delivered ready to use, right out of the box. Commerciant takes care of activation, software downloads and any merchant support. Weekly phone training sessions are also available.

Deals are in the works with several major ISOs to offer this product to merchants, but all contracts are nonexclusive, making this technology easy to add to any product arsenal.

The Mobilescape 5000 will be commercially available in mid-April 2006 and will be on display at the upcoming Electronic Transactions Association's convention in Las Vegas on April 18.

Commerciant LP
713-735-5500
www.commerciant.com