This is the Beacon Payments blog. Learn about the credit card processing and the merchant services industry. Hear about the successes of our outside sales people whose job it is to sell merchant services and sell credit card processing programs.
Genius is a customer facing device which integrates and aggregates all forms of payment into a single touch point. The purpose of the device is to give merchants the flexibility to accept any form of payment, including mobile wallets, as they become available. Through Genius our customers can accept bankcard transactions, NFC enabled mobile payments, QR code mobile payments, EMV transactions and they can even capture signatures electronically.
This is a longshot - but it looks like Apple may be creating an Iphone that has fingerprint security! If they do release this technology it may help instill confidence in the ability to use your smartphone to make moble payments. With even less opportunity for a fraudulent transaction smartphone payments adoption may happen faster than we think. Will paying with your fingerprint itself be the next way to pay?
In the article below Henry Helgeson discusses what to look for from Mobile Payments in 2013. It looks like your mag stripe on your cerdit card is going away and paying with your smartphone is going to really take off this year!
What is a mobile wallet? How to accept a mobile wallet at your store?
Mastercard has invested in a company called C-Sam