This 22-page white paper explains how next-generation, 100% software point-of-sale (POS) card acceptance solutions offer benefits across the retail payments ecosystem by enabling merchants to use standard, commercial off-the-shelf (Cots) NFC mobile devices to accept in-store contactless payments.
The white paper begins by outlining the key technical and user experience challenges inherited from traditional POS device infrastructure that different mobile POS (mPOS) solutions have been developed to overcome, including compliance and certification constraints, closed operating systems, high supply and maintenance costs and limited user experience.
It then provides a detailed analysis of the evolution of the mPOS industry from hardware-based to software-only payment acceptance solutions alongside the emergence of specifications such as the PCI Contactless Payments on Cots (CPoC) specification, Mastercard’s Tap on Phone and Visa’s Tap to Phone.
The white paper describes the key features of 100% software-based POS solutions and shows how these enable merchants to offer improved checkout experiences and increase payment acceptance capacity without needing to invest in specialist hardware.
It also identifies benefits for acquirers in relation to updating payments software and addressing new markets and illustrates how traditional POS vendors can adapt their offerings to encompass robust software-only solutions.
The authors then lay out the security architecture for software POS technology as well as the key features and components of Dejamobile’s own 100% software-based ReadyToTap Payment for Merchants card payment solution.
‘Driving wider adoption of digital payments at the point of sale: Accepting contactless payments on off-the-shelf smartphones or tablets’ has been produced and sponsored by Dejamobile and has been approved by the NFCW editorial team.
How to access this white paper
This 22-page white paper is available free of charge for NFCW Knowledge Centre members. (PDF format, 1MB)
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This item is part of What's New in Payments.