Tap-to-Mobile payments gain ground | progressive grocer

NMI, along with Global Payments, introduced a cloud POS pilot with Mastercard in January 2021, according to Nick Staray, chief strategy officer at NMI based in Schaumburg, Illinois.

“Beta is still live, and this tap-to-mobile technology turns an Android smartphone or tablet into a payment accepting device, allowing merchants to accept contactless payments directly on their Android devices, without the need for additional hardware,” he notes. Stari.

The beta continues in 16 global markets across Europe, Asia Pacific, Latin America, the Middle East and Africa. Despite its widespread reach, testing sites are not necessarily obscure.

“Specifically, the pilot is currently used on the Los Angeles International Airport to Los Angeles Airport Flyaway bus service,” Starai says. “Previously prices were cash only, but now passengers can simply tap their MasterCard on the phone to pay. In addition, the technology debuted at the 2021 TCS New York City Marathon Expo last November.”

Contactless payment is another technology that has accelerated due to the COVID-19 pandemic. Health is a major concern, given the needs for social distancing and the avoidance of potentially contaminated surfaces, but other factors must be taken into account. Any payment system should have consumer confidence in its security, and most people trust the familiar MasterCard system.

Consumers also need to trust the underlying transaction, as many people tend to avoid anything new that makes them feel embarrassed. Tap-to-mobile technology is a simple technology and it is developing at a time when people were not entirely happy with transacting in the traditional way.

Starai notes: “Consumers continue to shy away from using cash, and 83% of consumers said they were likely to use mobile calling payments if it was offered by a business.” “By ordering no more than a smartphone, this technology can be available to businesses of all sizes.”

Technical challenges also require consideration.

“When developing this technology, NMI had to determine the best places to ‘click’, since this technology uses off-the-shelf Android devices from different manufacturers, with NFC radio in different places on the device,” says Starai. “While testing the niche for mobile tapper payment tools, NMI found that each manufacturer had a different region that improved tap performance. NMI ended up finding the niche for different manufacturers and placing labels where they had to tap. To make it easier for users.

Introducing mobile calling payments will save larger retailers money, and as Walmart’s gift of smartphones to its employees a few months ago demonstrates, VIPs are realizing that replacing custom hardware with smartphones loaded with their own software can save money and even create opportunity. In some cases, click-to-pay technology can serve major retailers well, since it can simplify and reduce the expenses involved in out-of-home, roadside gardening department and pop-up operations payments.

However, technologies like mobile taps can be something of an equivalent in the larger scheme of tech stuff.

“Technologies like this will have a huge impact on small businesses,” says Starai. “Many of the weaknesses that small businesses face with current payment systems have to do with system setup and setup, not to mention expensive terminals. Pushing a mobile phone alleviates these hassles with easy integration and no additional hardware other than a smartphone. This is a rule-changer. The game is for small businesses, as it is the simplest way for them to make contactless payments, give customers what they are looking for and help small and medium businesses compete with larger businesses.”