PayPass is currently very popular in places where speed is important (for example, fast food restaurants, pharmacies, movie theaters, train stations, and airports), as contactless payment technology significantly reduces the time required to pay for a purchase. Since November 2011, PayPass has been implemented in other networks in Ukraine. With this new development, visitors to supermarkets and other retailers will have a unique opportunity to make electronic payments as quickly and conveniently as possible. Thanks to NFC (Near Field Communication) technology, the contactless sticker card allows for instant transactions by simply placing your payment card on a special terminal. Now, there is no need to present your card to the cashier to complete the transaction. When purchasing goods worth up to 100 UAH, customers can pay without entering a PIN or signing a receipt. Transactions can be made using dedicated terminals and PayPass sticker cards. The antenna and chip built into the sticker card allow for contact with the bank and almost instant transaction confirmation. The data stored on the PayPass card is protected using the same encryption standards as chip cards. Furthermore, PayPass has built-in security mechanisms that prevent unwanted purchases: the device must be held very close to the reader for it to be activated, and funds are only charged for one purchase, even if the card is swiped twice. This new technology will increase the speed of payment for goods and is part of a plan to reduce the time customers spend at the checkout. Today, during peak sales, PayPass will reduce the number of people waiting in line to pay. Source: Kiosksoft.com.ua
RSS Feed