Secure Mobile Payment Solutions
Nowadays, more and more people are paying with their mobile phones rather than with cash or card. This is because mobile payment solutions are very fast and convenient, especially when you don’t want to deal with a long line at the checkout area or you forgot to bring your wallet with you while shopping. They are also very secure because they leverage a technology called tokenization that helps generate random numbers replacelaces your bank details on your phone every time you make a purchase, which makes it difficult for fraudsters to clone or hack your credit card information.
Mobile Wallet Protection
Mobile/contactless payments are regulated digital payments that you make with your mobile wallet on your cellular phone. Your mobile wallet typically depends on the type of phone you have, for example: iPhone users have Apple Pay, Android users have Google Pay, Samsung users have Samsung Pay, etc. However, some users can have both on their phone, such as Samsung phone users who can use both Samsung Pay and Google Pay. These popular mobile wallet apps allow you to securely store your credit or debit card information with thumbprint authorization or passcode protection, in order to ensure that only you have access to your personal information.
NFC for Contactless Payments
In a retail store or restaurant, mobile payment solutions are enabled by NFC technology or ‘near field communication’. NFC is what makes mobile payment solutions work between two devices: your phone and the point of sale reader. Once your mobile device is in close range (usually two inches or less) to the point of sale device, they will communicate wirelessly to process your payment. The entire process is quick and easy so you can have a hassle-free checkout experience – you can just tap and go! Best of all, you don’t have to worry about carrying around a wallet or misplacing your card.
Mobile Card Readers
In recent years, many people have been using their mobile wallet apps to make a payment at a merchant. Contactless payments are gaining significant traction as more businesses adopt this new form of payment. ID TECH provides the point of sale hardware that’s equipped with NFC technology to accept all popular mobile wallet apps. Please see our entire line of secure and powerful mobile card readers below (many of them include EMV/chip card acceptance which further combats fraud).