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Later this year, point-of-sale terminal maker ExaDigm Inc. will sell its first device that connects electronic cash registers to payment processors without requiring a separate countertop payment terminal, CardLine sister publication ISO&Agent Weekly has learned. Santa Ana, Calif.-based ExaDigm is known for making mobile terminals that connect via wireless telephony to payment processors. Scott Holt, ExaDigm senior vice president of sales and marketing, says the device, dubbed SV100, is small enough to fit under a merchant's counter. The SV100 can send transaction data to processors via a broadband Internet connection, a wireless telephony connection or a back-up dial connection. The device connects to cash registers using a cable, and it can send card data captured either by the cash register's built-in magnetic stripe reader or by a reader attached to the cash register. The SV100 supports credit, debit, electronic benefits transfer, check, loyalty and gift card transactions, Holt says. While the company has not set final pricing, a merchant might expect to pay about $250 for the device, not including a modem, he says. The device is in the testing phase now and should be available by March 31, Holt says.

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