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May 7, 2014

Taiwan considering adoption of easier mobile credit card processing

Taiwanese National Credit Card Center of ROC, a local credit card promotion group, is reportedly planning to simplify mobile credit card processing, for offering easier payment experiences to local customers.

By Verdict Staff

Taiwanese National Credit Card Center of ROC, a local credit card promotion group, is reportedly planning to simplify mobile credit card processing, for offering easier payment experiences to local customers.

National Credit Card Center of ROC senior executive vice president Margaret Yin was quoted by the focustaiwan.tw as saying that vendors will be able to accept credit card payments by using a card reader attached to a tablet computer or smartphone.

Yin further told CNA that with the mobility of handheld devices, consumers will be able to pay for goods at the point of sale rather than lining up at a checkout counter.

Apart from offering faster and convenient payment option, the mobile service will also deliver better credit card security as consumers will be able to see their card throughout the payment process.

In order to confirm their payment, the cardholders will require signing on a touch-enabled screen, and then they will receive a payment receipt through a QR code or an e-mail.

"We will start with a pilot scheme and may expand the scale if the public widely accepts it," Yin explained.

The company said that the project will go on a six-month pilot at Watami Japanese Casual Restaurant Taiwan, DA.AI Technology Co and Fubon Insurance Co.

In conjugation with Visa Taiwan, the center aims to deliver an easier payment experience, in line with global trends.

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