The Tap and Go service is a new method of payment where our customers will be able to make purchases and payments by tapping their new contactless debit cards near an enabled point-of-sale terminal
without the need to insert the card or enter a PIN.
Bad Wi-Fi connections and even imported point-of-sale terminals
that come with malware already on them are risks, too, he said.
The MTT is unique in that it has transformed mobile phones into secure point-of-sale terminals
, which enables independent sales organizations to quickly provide merchants with a preactivated wireless data service that is ready for transaction processing upon delivery.
Big D has recently rolled out a watch-phone that runs on the PHS network, a GPS-enabled handset (its first consumer mass-market device so enabled) and an e-commerce payment system that uses the infrared port for point-of-sale terminal
To use the service, you simply swipe a credit card or key in a code through a small point-of-sale terminal
to request an authorization.
Premier customers can pay by tapping their card on the secure point-of-sale terminal
and the payment is processed instantly and automatically.
The firms are to link to the purchases customers make using their bank cards at the retailer's point-of-sale terminal
. The service is also being trialled by UK challenger bank, Monzo.
The company specializes in products and services for the development of smart card applications, as well as software for the management of automatic teller machine and point-of-sale terminal
networks, online ticket systems, private label cards and loyalty programs.
The bank said that the card would provide customers with a fast, convenient and secure way to pay for goods and services at any Point-Of-Sale terminal