Point-of-sale (POS) application developer
Merchant360 (M360) has created a near-field communication (NFC)
stack for payment terminals in a bid to facilitate mobile
contactless integration.
M360 claims while current contactless-enabled
POS terminals can support contactless scheme payment solutions such
as Visa paywave, MasterCard PayPass, American Express ExpressPay,
Chase Blink and Discover Zip, they do not allow for easy and
inexpensive integration of non-traditional applications such as
Bling Nation and MoneyCell to reside on and share the reader.
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E-payments solutions provider VeriFone has
been announced as the first licensee of the technology and is said
to have taken delivery of the product this week.
“We’ve released several NFC solution
integrations at the point of sale now and clients like Bling Nation
and MoneyCell were continually met with high costs and
incompatibility issues so we designed and delivered a solution for
our clients that VeriFone sees merit in it,” said Steve McRae, CEO
of M360.
The POS app company argues non-scheme payment,
loyalty, coupon and ticketing or value-add solution providers have
long been kept from residing on multi-application contactless
terminals by lockdowns and high costs. For example m-payments
platform MoneyCell is said to have been forced to pay high fees in
order to get its mobile tags encoded with a proprietary financial
format, which stopped it from distributing its NFC tags as freely
as it would have liked.
M360 claims other programmes chose to use
their own formats but doing so makes it difficult for the
application to cohabitate with scheme payment solution terminals
and requires the programme manager or retailer to bear additional
and unnecessary costs.
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By GlobalDataThe new NFC stack claims to allow multiple applications to share
the integrated contactless reader on a terminal and during the
clearing of NFC messages directed at specific applications.
