Visa has teamed up with Samsung to launch Tap to Phone, a technology that can empower businesses around the globe by turning a smartphone into a POS device.
Tap to Phone allows sellers to use Android smartphones for accepting payments without any additional hardware. This means that sellers will be able to accept contactless payments using current-generation mobile devices. Customers gain from this as well, as they will be able to make payments by tapping their contactless card, phone, or watch to the seller’s Tap to Phone-enabled smartphone.
Building on top of an EMV chip transaction, Tap to Phone’s software terminal inside the smartphone generates the same dynamic security as a traditional terminal does today for every transaction, keeping data safe.
Samsung debuted the Galaxy XCover Pro, a new device for the enterprise, which features Samsung POS, a solution approved by Visa’s Tap to Phone pilot programme. This partnership will bring Visa’s Tap to Phone technology to a wide variety of industries including retail, manufacturing, healthcare, and logistics.
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