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Salient Features of Pay Kroo Global Payment System

Secure

Using mobile wallets is a more secure option than carrying physical cards. So, even if your mobile phone gets stolen, all your credit cards and other valuable details stay protected.

Faster

In a fast-moving world, seconds matter. Compared to payments made by cash, chip, or PIN cards, the NFC payment systems are a lot faster. It’s because the user just has to tap the NFC card or place the NFC powered smartphone near the reader.

Healthier

The business of Contactless payments surged as consumers and businesses looked to limit the spread of germs in the early days of the COVID-19 pandemic.

Reliable

The contact points on an EMV chip card tend to wear out quickly, resulting in the inability for an inserted card to be read. The terminal will attempt three times before the consumer or clerk is instructed to swipe the card through the mag-stripe reader.
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Multi-Channel

Secure Payments

  • Secure element validation - The transaction only goes through after the card or mobile device has validated the purchase using a secure element chip
  • Proximity Protection - Contactless payment solutions work over incredibly short distances. In order for a would-be thief to potentially steal information, he or she has to get near to the device
  • User Initiation - In order to begin each transaction, the customer must actively initiate the contactless payment process.
Automation

Advantages of NFC Payments

  • Improves Customer Service - By taking away the hassles of paying at stores. A simple NFC tap from a mobile phone can solve problems with a blink of an eye
  • Lowers Down the Operational Cost - As alternate payment processing system saves money on paper and human resource deployment for the same
  • Improved Convenience - In case of faster payments as it really eases up the payment process for the customers
Customization

Best payment System For Tap and Pay

  • Google Pay - Google showed how NFC payment apps are the future of internet transactions. They constantly come up with newer updates.
  • Apple Pay - You can utilize this NFC mobile payment app to make payments in shops, and if you have a Mac, you can likewise utilize it for making the payments onlin
  • Android Pay - Android Pay is an NFC payment app for Android that can be utilized to tap and pay at various locations. You can utilize it to make in-application payments
  • Samsung Pay - Challenging to Apple Pay and Android Pay there is another pay named Samsung Pay – It also makes use of near-field communication innovation to process payments at the tap-to-pay portal

What is NFC Payment?


NFC stands for PCI DSS Requirements. NFC payment is a technology that allows you to pay for things using your smartphone. It’s not limited to just the transfer of money, either; it can also be used for credit and loyalty cards, as well as ticketing systems.

The basic technology behind NFC payments is found in many different forms of electronics—you may have used an NFC tag before. These tags are usually made out of plastic and are small enough to be attached to something else; they contain a chip with a chip inside, which contains information about your credit card or loyalty card that you wish to use at a specific location. When you’re at that location, your phone can read this information off the tag and use it instead of swiping your credit card or loyalty card like usual.

It’s important to remember that NFC payments aren’t just limited to credit cards or loyalty cards—they work for all kinds of things! If there’s an app on your phone that allows you to make payments using NFC, then it can be used for transactions like buying tickets for events or paying for parking fees at gas stations.

How NFC Payment Method is Secure?


NFC Payment is a payment method that allows you to pay for items in stores by simply tapping your phone on a payment terminal.

It’s fast, easy and secure—and it works just like any other credit card transaction.

Near Field Communication or NFC is a technology that allows devices to communicate information when they are close to each other. In the case of NFC Payment, this means that you can use your phone to pay for things at the checkout counter, or even just to open doors at home by holding your phone up to them.

How do NFC Payment system work?


Near field communication (NFC) refers to the technology used to transfer data between two devices by touching them together. NFC chips are embedded in many newer phones, as well as some credit cards.

The major benefit of using this method compared to other mobile payment methods is that you don’t need to be near the terminal—you just need to have your phone with you so that the payment process can happen without any manual inputs required from you.

It’s used for making payments at retailers, restaurants and other places where you might have a card reader on hand. You can also use it in stores that don’t have a physical terminal.

When you tap your phone against a reader like a pay terminal at a store, it sends a signal that includes your phone’s unique ID number and other information needed to complete the transaction. Consumers can use their smartphones or wearable devices to make payments that involve digital information on their devices, such as loyalty cards or payment apps.

What are the Benefits of NFC Payment System?


The benefits of NFC payment are:

1.  You don’t need a card, or a pin number, or anything else. Just tap and go!

2.  It’s fast—it happens right away, so you don’t have to wait around while your debit card gets processed

3.  It’s secure—your information is kept private and secure by using a unique code that never leaves your phone

Features of NFC Payment System?


Near Field Communication Payment provides a fast and secure way to pay for your purchases. It is an easy and convenient way to pay at the point of sale by simply holding your phone up to the terminal. This technology also allows you to make payments in a number of different ways, including using NFC or QR codes.

Near Field Communication (NFC) is a technology that allows you to pay by simply tapping your phone against the card reader. It works in both iOS and Android devices, and can be used at any point in a transaction.

When you tap your phone, the NFC chip inside the device sends a signal to the card reader, which then responds with an approval or denial of payment. If it approves payment, the merchant will receive your debit or credit card information through their own system.

Features of Near Field Communication payment:

1.  Payment from your phone

2.  Payment using a fingerprint

3.  Your payment information is secure and protected

4.  You can use the card on other platforms, including Apple Pay and Google Pay

Pay Kroo Global Payment System Do Care For your Privacy

Pay Kroo Global Payment System is a Next Generation Payment System aimed in delivering end-to-end Payment Solutions to its partners and customers!