Your customers expect payment options when they shop for goods or services. With alternative in-store payment solutions from USA PAY, you can meet the demands of your customers, as well as the needs of your business. Enrich your credit card processing platform with technology that enables you to accept NFC payments from mobile phones, wearable devices, and contactless cards.
Short for “near field communication”, NFC technology allows two devices within close proximity – such as a smartphone and a payment terminal – to wirelessly transfer data between each other. This is similar to Bluetooth®, but NFC technology uses less power and only works over shorter distances – basically no more than a couple inches. Your customers can securely send their credit or debit card information to your terminal without any physical contact.
The Basics Of An NFC Payment
NFC powers the technology behind mobile wallets like Apple PayTM, Samsung Pay, and Google PayTM, but the capabilities don’t stop there. Nowadays, consumers can use their fitness trackers and watches to make NFC payments. Vacation-goers can pay for meals or souvenirs with wristbands. And, if the contactless symbol is present on your physical credit or debit card, you no longer have to swipe or dip to complete your purchase.
How An NFC Payment Works
Customers will know your business accepts near field communication payments if they see the contactless symbol displayed on your credit card terminal or card reader. Just as if he or she were to open their physical wallet or purse, the customer must open the NFC payment app on the smartphone or wearable device and select the payment method to be used, whether that is a credit card, debit card, or even a gift card.
Once payment type is selected, the customer simply waves or taps their device over the NFC-enabled terminal to complete the transaction. This initiates an electromagnetic induction link between the device and the terminal. Instead of transferring account numbers, card details are encrypted in the mobile wallet and a secure element chip provides a unique digital signature for each individual purchase. The element verification is similar to the validation process commonly associated with chip-enabled EMV credit cards.
If a customer chooses to use a physical contactless card, the only difference is that they actually have to take the card out of their wallet or purse. USA PAY offers a complete line of NFC-enabled devices for secure, contactless payments.