Contactless Payments are Now a Reality

FinTech / September 28, 2018 / Comments: 0
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Niko Technologies keeps up with the latest tech trends to make payments as quick and easy as possible. Recently, the company has implemented Near Field Communication (NFC) solutions as a part of in-house Elegro Retail product. Integrated technology enables wireless secure payments.

To make a payment just hold your smartphone at least 2 inches from the cashier’s gadget: the payment will occur automatically after your verification. The operation takes just a few seconds. In case you don’t use face recognition or fingerprint verification, you should sign in the wallet before a wireless payment.

Data encryption algorithms underlying NFC transactions make them extra safe. So, your business security is optimal with contactless payments.

To sum it up, NFC-enabled payments are the future for three main reasons: they are fast, convenient and offer better security.

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