Can you explain how NFC works? Like U mean u can use this at nfc store? Or nfc to another device I mean?
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Can you explain how NFC works? Like U mean u can use this at nfc store? Or nfc to another device I mean?
Yes, if the merchant does not want the Standalone version of BlockPay (BlockPay "S"), then they just install it as a module into their existing system (BlockPay Integrated). BlockPay then transmits the amount due, to what account, eReceipt details etc to the customer over wireless NFC, the customer with an NFC enabled mobile wallet then approves the payment (assuming their wallet is advanced enough) and releases the funds to the merchant.
Personally, I prefer QR codes. QR codes are more secure and they ultimately cost the merchant WAY less money. Most newer POS systems are upgrading to tablet-based systems though which support QR and NFC both.
QR codes never got the marketing that NFC terminals got though. Gee, I wonder why ;) QR codes are free, NFC equipment is yet another thing that those huge manufacturers can sell to merchants. Merchants are very smart though, and they are starting to see the cost benefits and security advantages to just displaying a qr code to the customer instead of having to maintain a bunch of equipment.
Interesting. Are many non-crypto POS services using QR codes? The only time I have come accross it was a loyality program at a local cafe, but that didn't seem to last long for them before they abandoned it.
A lot of POS system manufacturers are going to tablet-based systems. Revel comes to mind immediately, but there are quite a few of them now. If there is a screen, then QR codes and ads can be displayed to the customer. Tablet-based systems are also much cheaper to buy, and in the long run as well since there are no maintenance costs. If a screen dies, just swap it out for a new one (under $70 typically). NFC equipment however is very expensive to buy, or lease. With NFC, customers are limited on how much they can buy, security is not so good in my opinion, and the fees associated with using NFC services cut into merchants' bottom line bigtime.