California-based Tempo Payments is planning to pilot mobile contactless payments tied to “decoupled” debit cards, according to paymentssource.com.
The pilot will involve tagging consumers’ phones with NFC stickers to conduct contactless mobile payments at the point of sale. Mike Grossman, Tempo’s CEO, says the company plans to eventually move the pilot to microSD based NFC payment, and then ultimately NFC chips embedded into phones.
“The core notion we have is a vision of utilizing mobile handsets for point-of-sale payments,” says Grossman. “We’re in a unique position because we operate an open-loop decoupled debit network.”
According to Grossman, the pilot will start with a couple of “close” retailers, including the QuikTrip Corp. and Sheetz Inc. convenience stores and ARCO petroleum stations.
Tempo issuers include HSBC Holdings PLC and First Bank & Trust of Fishback Financial Corp, reports PaymentSource.
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