Mobile network operator Telefonica has plans to test a mobile point-of-sale device in the Czech Republic which will allow payments to be made by NFC phones and contactless cards in addition to ‘chip and pin’ cards.
Created by Ingenico, and due to start in September, the iSMP mobile payment terminal is certified for contactless payments by both MasterCard and Visa. Transaction processing will be performed by CSOB.
Telefonica told NFC World: “Payment by credit card requires that a user puts their credit card into the device, which is connected to a phone via Bluetooth technology. If the cards are contactless, payments are made by putting the contactless card near the device. NFC phones can also be used to make a payment by putting the phone near the device.”
Josef Puczok, business development manager for NFC and financial services at Telefonica said: “The Czech market has approximately 320,000 companies, for which this terminal type is appropriate. Most of these companies use a service from O2, our traders have thus direct contact with potential buyers of this product.”
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