Visa and DeviceFidelity have just launched their Mobile Contactless Payment Solution for the iPhone. This innovative payment system is housed in a specially designed case that slips onto your iPhone and contains a microSD card. This card is equipped with a Near Field Communications (NFC) chip, which facilitates the connection and transfer of data necessary for contactless payments.
The case is then used in conjunction with the In2Pay iPhone App, which allows you to make payments at participating retailers. This combination of hardware and software transforms your iPhone into a powerful payment tool, enabling you to leave your wallet at home and make transactions with just a tap of your phone. Check out the video after the jump of a demo.
Enhanced Convenience and Flexibility
In2Pay provides users with greater convenience and flexibility for payments. The case is designed to stay attached to the iPhone, ensuring that the payment system is always ready for use. Additionally, the case includes a micro USB slot, allowing users to sync and charge their devices without needing to remove the case. This thoughtful design means that users can enjoy the benefits of contactless payments without sacrificing the functionality of their iPhone.
The In2Pay system is particularly useful for those who frequently make small purchases, such as buying coffee, groceries, or public transportation tickets. By simply tapping their iPhone on a compatible payment terminal, users can complete transactions quickly and securely. This not only saves time but also reduces the need to carry cash or physical credit cards.
Security and Adoption
Security is a critical concern for any payment system, and Visa and DeviceFidelity have taken steps to ensure that the In2Pay solution is secure. The NFC chip in the microSD card uses encryption to protect transaction data, and the In2Pay app requires authentication before payments can be made. This multi-layered approach helps to safeguard users’ financial information and prevent unauthorized transactions.
The adoption of contactless payment systems like In2Pay is growing rapidly, driven by the increasing popularity of smartphones and the convenience they offer. Many retailers are now equipped with NFC-enabled payment terminals, making it easier than ever for consumers to use contactless payment methods. As more people become comfortable with this technology, it is likely that we will see even greater adoption and integration of contactless payments in everyday life.
The launch of the Mobile Contactless Payment Solution for the iPhone by Visa and DeviceFidelity represents a significant step forward in the evolution of mobile payments. By combining the convenience of a smartphone with the security of NFC technology, In2Pay offers a compelling solution for modern consumers. Whether you’re making a quick purchase at a coffee shop or paying for your groceries, In2Pay makes the process fast, easy, and secure.
Via Slashgear
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