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Will Credit Cards Go Obsolete Using 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. Within the agreement, INSIDE will supply the MicroPass payment sticker prelams exclusively to First Data-qualified card manufacturers for production.

The agreement helps leverage the core technology from INSIDE Contactless and First Data’s issuing and transaction processing power. 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.

First Data’s GO-Tag Solution represents a very important step into the future plastic cards and fobs, and offers a bridge to the future of mobile payments according to Barry McCarthy, the general manager of Mobile Commerce and Point of Sale Solutions for First Data. And that their partnership with INSIDE Contactless enables them to offer consumers the opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a handy payment device.

According to Charles Walton, executive vice president of payments for INSIDE Contactless, the agreement highlights the versatility of the MicroPass platform to support a variety of contactless payment applications and form factors, as well as stickers stickers.

You might also want to consider updating your restaurant POS system to Contactless credit card acceptance in the near future, because their technology is becoming more and more common in the marketplace. 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 professionals can help your business achieve greater success in these difficult economic times.