Android Pay is a digital wallet platform developed by Google to power in-app and tap-to-pay purchases on mobile devices. Enabling users to make payments using the Android phones, tablets or watches. Android Pay does not require specific contactless payment terminals, and can work with existing terminals. Android Pay uses near field communication (NFC) to transmit […]
Tags: contactless
Apple Pay
Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments using the iPhone 6, 6 Plus, and later, Apple Watch-compatible devices (iPhone 5 and later models), iPad Air 2, iPad Pro and iPad Mini 3 and later. Apple Pay does not require Apple-specific contactless payment terminals, but […]
Contactless payments
Credit cards, debit cards, key fobs, smart cards or other devices, including smartphones and other mobile devices, that use NFC for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Some suppliers claim that transactions can be […]
EMV
EMV is a technical standard for smart payment cards, smart cards, smart chip cards and for payment terminals and automated teller machines that can accept them. EMV cards are smart cards (also called chip cards or IC cards) which store their data on integrated circuits rather than magnetic stripes, although many EMV cards also have […]
Google Wallet
Google Wallet is a mobile payment system developed by Google that allows its users to store debit cards, credit cards, loyalty cards, and gift cards among other things, as well as redeeming sales promotions on their mobile phone. Google Wallet can use near field communication (NFC) to “make secure payments fast and convenient by simply […]
NFC
NFC, or Near Field Communication, is used to signify a specific set of protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish radio data communication with each other by bringing them closer than, typically, 10 cm (4 in) from each other. This is the […]
POS Equipment
POS, or point of sale, refers to the time and place where a merchant transaction is completed. In the merchant services industry we use the phrase POS to typically refer to a POS terminal or credit card terminal which interfaces with the payment card to make the electronic funds tranfer (EFT). There are various types […]
Samsung Pay
Samsung Pay is Samsung’s mobile payment system, a digital wallet platform for contactless payments which works in almost all stores — including those that use older magnetic stripe point-of-sale terminals — without merchants needing to opt-in to any program or update hardware. Samsung Pay only works with four Samsung phones: the Galaxy S6 Edge+, Galaxy […]
Smart Card
A smart card, chip card, or integrated circuit card (ICC) is any pocket-sized card with embedded integrated circuits. Smart cards can be either contact or contactless and can provide personal identification, authentication, data storage, and application processing. Smart cards may provide strong security authentication for single sign-on (SSO) within large organizations. In the merchant services, […]