Mobile payment, also referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services performed from or via a mobile device such as a smartphone. As an alternative to paying with traditional cash, checks, or physical credit cards, an application can be loaded from the card issuing bank directly to mobile device which can then be used to pay for a wide range of services and digital or hard goods without the need for a physical card or currency.
Near Field Communication (NFC) NFC is most commonly associated with the “mobile wallet” These mobile transactions are typically accomplished through a set of protocols that enable electronic devices to establish radio communication with each other by touching the devices together, or bringing them into proximity to a distance of typically 10cm or less. In one tap or wave of your phone, you can pay for your groceries and redeem offers or coupons.
Accept Apple Pay™ , SamsungPay and Google Wallet™
Apple Pay™ , SamsungPay and Google Wallet™ is a specialized merchant POS application that allow customers to pay for purchases through a contactless payment technology and security feature built into their mobile devices. The technology digitizes and replaces the credit or debit card chip and PIN or magnetic stripe transaction at point-of-sale terminals. The service lets Apple devices wirelessly communicate with point of sale systems using a near field communication (NFC) antenna, a “dedicated chip that stores encrypted payment information” (known as the Secure Element), and Apple’s Touch ID and Passbook. Select Samsung devices can communicate wirelessly through a magnetic imaging process between the POS device and the mobile phone.
Merchants who want to accept payments via Apple Pay, SamsungPay and Google Wallet need to be equipped with NFC (Near Field Communication) capable terminals. We are a leading provider of NFC equipment that you can now purchase at economical prices. As your merchant services provider, we strive to make sure that you to have the latest in technology to protect your business and empower you to accept payments through these cutting edge technologies. Call us today.