Miami, FL (PRWEB) January 28, 2015 CenPOS announced today that it has signed a mutually exclusive
processing agreement and acquiring services with Bank of The Bahamas.
The agreement covers the entire Commonwealth of The Bahamas and whereby
Bank of The Bahamas will promote and rollout CenPOS’ suite of services
to the business community throughout the country. These services include
Mobile processing, Electronic Bill Presentment and Payment, integrated
payment solutions, shopping carts, Point-to-Point encryption,
tokenization, recurring billing, and Mobile Wallet.
The CenPOS
technology solution gives Bank of The Bahamas a significant competitive
advantage in the Commonwealth as it covers a myriad of businesses
ranging from the smallest to the largest billers in the country. Mobile
Payments, ecommerce and Electronic Bill Presentment and Payment being
the key drivers of this effort; thus, enabling the bank to easily
provide payment acceptance services to merchants in the outer islands
while mitigating risk and reducing merchant account acquisition costs.
“The Commonwealth of The Bahamas has one of the largest business
communities in the Caribbean region in part due to the fact that The
Bahamas is one of the most popular tourist destinations in the
Caribbean. Therefore, it made strategic sense for CenPOS to cultivate a
business relationship with a local acquirer that shared in our vision
and was willing to embrace a technological change to create a difference
in the market place,” commented Jorge Fernandez Chairman and Co-Founder
of CenPOS. “We wanted to partner with a local Bahamian Bank that
understood the local business needs and was willing to create their own
blue ocean strategy through the adoption of CenPOS’s technology
offering, ultimately making the competition irrelevant in the market
place,” added Fernandez.
“Bank of The Bahamas is proud to partner with CenPOS to continue to
be the leader in delivering cutting edge technological banking solutions
to our customer,” stated Renee Davis, Acting Chief Operating Officer of
Bank of The Bahamas.
About CenPOS
CenPOS is a merchant-centric, end-to-end payments engine that drives
enterprise-class solutions for businesses, saving them time and money,
while improving their customer engagement. CenPOS’ secure, cloud-based
solution optimizes acceptance for all payment types across multiple
channels without disrupting the merchant’s banking relationships. For
additional information please call 877.630.7960.
About Bank of The Bahamas
BOB is a modern, full service bank with 13 branches in seven islands
(Nassau, Grand Bahama, Andros, Cat Island Exuma, San Salvador and
Inagua) and a long history of firsts in the local Banking Industry. The
Bank caters to retail clients from all walks of life providing personal
loans and mortgages as well as savings and chequing accounts, term
deposits, money transfers, online banking and prepaid cards.
Simultaneously, BOB’s Corporate and Commercial Department facilitates
the financing and cash flow needs of the premier business establishments
throughout the country. Since 2000 BOB’s Private Banking and Trust arm
has also provided wealth services (estate planning, trust and corporate
services) to local and international clients.