Scottish company develops contactless card payment solution for EMV systems
06 April, 2009
category: Contactless, Financial, NFC
Scotland-based i4 Product Design has developed for another Scottish company, Tailwind Solutions, a contactless card payment solution for retailers that works in an EMV environment, allowing consumers to pay with their NFC-compliant phones or contactless EMV cards.
The PoS Paddle Tap-It, which launched at the Contactless Intelligence Conference and Exhibition in London last week, is designed to work with all retailers’ existing EMV configurations.
Instead of swiping a payment card or handing a card to a cashier, consumers present their debit/credit card or NFC enabled mobile phone to the PoS Paddle Tap-It.
i4 Product Design has also developed PoS Paddle SafeBase, which allows retailers to lock down their EMV readers to the counter, to prevent theft and subsequent fraud. It too is compatible with all retailers’ existing EMV devices.
Tailwind Solutions is working with several industry partners in bringing its PoS Paddle products to market, including Smart Technology Solutions, which has already integrated PoS Paddle Tap-It with its retail software.