New Media Insight Group announces upcoming launch of NFC payment solution

New Media Insight Group has announced that they are in the final development stages of a NFC payment solution and they plan to launch it over the next coming months.

All US merchants will be required to update their credit card terminals to allow for ‘Chip and Pin’ transactions by October 2015. This new universal standard of technology will equip all merchant credit card terminals with the capability to process tap-to-pay transactions.

“By adding a sensor driven NFC payment solution to our portfolio, we can provide a more comprehensive offering for our merchants, and we are prepared to maintain our versatility and adaptability while technology standards in our market continue to advance,” stated Michael Palethorpe, CEO of New Media. “Following the great reception we experienced from the launch of our CloudPay product, this was a logical next step for New Media — especially considering all credit card terminals in the U.S. will be equipped for ‘Chip-and-Pin’ payments by October of next year. We expect to launch our NFC solution over the next three to four months, and remain confident that our best-of-breed marketing portal and easy to adopt technology will drive growth for New Media.”

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