ProximityPayEdge is a product which enables digitization of credit/debit cards on mobile devices and allows consumers to pay in stores, by tapping their mobile devices on point-of-sale (POS) terminals.
It utilizes Host Card Emulation (HCE), tokenization of cards, and Near Field Communication (NFC) for payment transactions and provides a highly secure, next-gen in-store payment solution to banking clients.
The one-tap mobile payments solutions offers an easy way to pay in stores, while ensuring that both the transaction and the product itself are highly secure
Out-of-box integration with multiple card schemes – Visa and Mastercard
With unique token assignment and white-box cryptography
Choice of standalone or integrated banking app for the best fit in business
Wide consumer adoption probability with host-based Card Emulation (HCE) supported universally on Android 4.4 and above
While the product offers a solution to consumer’s payments needs, what are the benefits that a bank can accrue from ProximityPayEdge?
Financial institutions are constantly challenged to keep up with the changes happening in the payments. Changing customer preferences, regulatory reforms, alternate payment methods and other industry
Mobility is at the center of the IoT trends driving a connected consumer, with a relentless focus on enhancing the digital experience for consumers.