Mobile Transaction Terminal (MTT) combines low-cost mobile phone technologies with the capabilities of a Point of Sale terminal for about the price of a mobile phone. With a built-in magnetic stripe and a smart card reader, MTT is the mobile point of sale solution with the most payment options.

First Merchants Mobile Payment System provides a secure, encrypted, end-to-end mobile platform for magnetic stripe and smart card payment transactions that consist of the following components:

• MTT hardware, hardware which includes an embedded Mobile Merchant Payment Application, a Secure Access Module (SAM), a mobile printer, and a mobile phone.
• SecureNet Server, a wireless gateway server that authenticates MTT connections and establishes an encrypted wireless communication channel and provides remote terminal management and maintenance applications.
• Mobile Merchant Server, a payment processing gateway server that integrates with payment processing systems.