KVB inks pact with MRL Posnet

Karur Vysya Bank entered into an MoU with Corporation Bank and MRL Posnet to launch point of sale (POS) services. MRL Posnet is the service provider for implementation of the POS services. The company will help KVB by way of entering into agreements with merchants, placing the POS machines at the merchant outlets, besides taking care of the settlement and reconciliation processes. MRL has already started deploying terminals at merchant locations and the numbers are rising fast.

A.P. Mahesh Cooperative Bank signs agreement with MRL Posnet

A.P. Mahesh Cooperative Bank has signed an agreement with Corporation Bank and MRL Posnet to launch point of sale (PoS) services. MRL Posnet is the service provider for implementation of the POS services. The company will help Mahesh Bank by way of entering into agreements with merchants, placing the POS machines at the merchant outlets, besides taking care of the settlement and reconciliation processes. It is expected that terminals will start being deployed towards the second half of December 2010.