Posts Tagged ‘Point of S’
Introducing A New Payment Method That Could Make Credit Cards Obsolete
At Contactless, a leading provider of advanced, open-standard contactless chip technologies, and First Data, a global leader in electronic commerce and payment processing services, announced that they have signed a three-year agreement to develop contactless payment stickers, which First Data will market as GO-Tag products. On their agreement, INSIDE is to supply the MicroPass payment sticker prelams only to First Data-qualified card manufacturers for production.
With this agreement, it helps leverage the core technology from INSIDE Contactless and First Data’s issuing and transaction processing power. GO-Tag products will be marketed by First Data to major U.S. merchants, financial institutions, and all other distribution channels in a variety of form factors.
“First Data’s GO-Tag Solution represents an important step in the evolution from today’s plastic cards and fobs, offering a bridge to the future of mobile payments,” says Barry McCarthy, general manager, Mobile Commerce and Point of Sale Solutions for First Data. “Our partnership with INSIDE Contactless enables us to offer consumers an opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a payment device.”
As the executive vice president of payments for INSIDE Contactless, Charles Walton says also stickers, that highlighted this agreement].
You might also want to consider updating your restaurant POS system to Contactless credit card acceptance in the near future, because their technology is becoming more and more common in the marketplace. And we all know that customer service is all about the speed and fast transaction to a restaurant point of sale terminal, the better the service is the better your customer experience will reflect on the value of your services.
The author of this article writes for POS-For-Restaurants.com, a VP of Customer Relations with over 20 years experience in restaurant point of sale system, helping restaurant owners nationwide increase their efficiency and bottom-line profits.
You may visit POS-For-Restaurants.com for more information on how our national network of restaurant point of sale specialists can help your business achieve greater success in these difficult economic times.