Mobile Wallet for debit, credit, prepaid, money transfer and digital crypto currency transfer
The most obvious benefit of mobile payments is the elimination of a physical wallet. Not reaching and pulling out cash not only saves time but is safer as well as nobody is able to see the contents of your wallet or purse.
Mobile Payment uses anonymized tokens, encrypted versions of your credit card number. The actual number isn't transferred, so it's actually safer than handing over your plastic. All of the services, because they transmit credit card information, must comply with the PCI Data Security Standard (PCI DSS)—the same standard used with analog payment cards. That includes things like implementing newer transport security than SSL and early TLS. Plus, Touch ID in the form of a fingerprint scan or PIN input makes mobile payments more secure. Besides, merchants will usually not check identification, so accepting mobile payments is a smart move for them as well, as they will not have to deal with fraudulent activity as much.
Mobile payments also offer an additional level of personal privacy as not a single personal info needs to be presented to other people.
Company Information:
Wisecard (a WiseGroup company) is a global solution provider that has been providing innovative payment and secure solutions to financial institutions, government entities and telco operators worldwide.
Wisecard have been providing EMV smart card, EMV biometric card, EMV perso software, card issuance, EMV embossers, Smart POS machine, Android POS, POS terminals, smart banking, smart teller machine, kiosk, vending machine, biometric POS, Hardware Secure Module, mobile payment platform, private label card solution, prepaid card solution, card management system to partners in more than 60 countries worldwide. Wisecard’s product suite empower large global financial institutions and government sectors as well as small to medium sized retail banks.
Wisecard solutions are adapting to the highest and latest secure standard, and the solutions have been fully tested and certified by international test labs, like FBI, STQC, EMV, PCI DSS, PA DSS, VISA, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay and etc.
Notes: FBI, STQC, EMV, PCIDSS, PADSS, Visa, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay is a registered trademark. All trademarks referenced here are the property of the respective owners.
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