Restaurant POS Solutions: Will credit cards soon be obsolete?
Will Credit Cards Go Obsolete With This New Payment Method?
A leading provider of advanced, open-standard contactless chip technologies, Contactless and a global leader in electronic commerce and payment processing services, First Data, have announced that they made a three-year agreement into developing contactless payment stickers that will be marketed by First Data as GO-Tag products. On the agreement, INSIDE is to supply the MicroPass payment sticker prelams only to First Data-qualified card manufacturers for production.
The agreement leverages the core technology from INSIDE Contactless and the issuing and transaction processing power of First Data. First Data will be marketing and distributing GO-Tag products to financial institutions, major U.S. merchants, and other distribution channels in a variety of form factors.
The general manager of Mobile Commerce and Point of Sale Solutions for First Data, Barry McCarthy, said that “First Data’s GO-Tag Solution represents an important step in the evolution from today’s plastic cards and fobs, offering a bridge to the future of mobile payments”. “Our partnership with INSIDE Contactless enables us to offer consumers an opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a payment device.”
According to Charles Walton, executive vice president of payments for INSIDE Contactless, the agreement highlighted the versatility of the MicroPass platform to support a variety of contactless payment applications and form factors, also stickers.
Since Contactless credit card technology becomes more common in the marketplace, it would be a good idea to update your restaurant POS system with them in the near future. And we all know that customer service is all about the speed and fast transaction to a restaurant point of sale terminal, the better the service is the better your customer experience will reflect on the value of your services.
The author of this article is the VP of Customer Relations at POS-For-Restaurants.com with over 20 years experience helping restaurants nationwide increase their efficiency and bottom-line profits using restaurant POS systems.
You may visit POS-For-Restaurants.com for more information on how our national network of restaurant point of sale experts can help your business achieve greater success in these difficult economic times.
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