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?
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