Are credit cards going obsolete?
A New Payment Method That Might 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 will be marketed by First Data as GO-Tag products. On the agreement, INSIDE is the one to supply the MicroPass payment sticker prelams only to First Data-qualified card manufacturers for production.
The agreement 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 financial institutions, major merchants in the U.S., and other distribution channels in a variety of form factors.
The general manager of Mobile Commerce and Point of Sale Solutions for First Data, Barry McCarthy, said that “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”. And that their partnership with INSIDE Contactless gives them the ability to offer consumers a great opportunity opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a handy payment device.
As the executive vice president of payments for INSIDE Contactless, Charles Walton says “This agreement highlights the versatility of our MicroPass platform to support a variety of contactless payment applications and form factors, including stickers” stickers, that highlights their 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. Customer service is all about speed and the faster we can process transactions at the restaurant point of sale terminal the better our customer experience will reflect on the value of our 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.
Tags: Point of S, point of sale, POS, restaurant automation, restaurant computer, restaurant hardware, restaurant point of sale, Restaurant POS, restaurant POS equipment, restaurant POS quote, restaurant software
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