Introducing A New Payment Method That Could Make Credit Cards Obsolete
A leading provider of advanced, open-standard contactless chip technologies, Contactless and a global leader in electronic commerce and payment processing services, First Data, have announced that they made a three-year agreement into developing contactless payment stickers that will be marketed by First Data as GO-Tag products. On the agreement, INSIDE is 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 the issuing and transaction processing power of First Data. First Data will be marketing and distributing GO-Tag products to financial institutions, major U.S. merchants, and other distribution channels in a variety of form factors.
According to the general manager of Mobile Commerce and Point of Sale Solutions for First Data, the GO-Tag Solution represents an important measure in the evolution from today’s plastic cards and fobs, offering a bridge to the future of mobile payments. “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 “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 the agreement].
Consider updating your restaurant POS system to Contactless credit card acceptance in the near future as this technology becomes 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 is the VP of Customer Relations at POS-For-Restaurants.com with over 20 years experience helping restaurants nationwide increase their efficiency and bottom-line profits using restaurant POS systems.
To learn on how our national POS network of restaurant point of sale experts can help your business achieve greater success in these difficult economic times, visit POS-For-Restaurants.com.
