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mPOS systems work through smartphones, tablets, and other wireless devices to accept payments from anywhere. Wireless devices allow business owners more flexibility. Solutions providers like Stax integrate with a range of solutions to enable merchants to go mobile. What makes mobile POS systems unique?
In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started. What Is Payment Tokenization?
How Tap to Pay Works Tap-to-pay, whether used with a contactless card or a smart device, operates through Near Field Communication (NFC) technology. This short-range wirelesscommunication technology allows data exchange between devices close to each other, typically within a few centimeters.
As such, there is a 2-way sync between the devices The POS system offers One-way communication to the physical terminal. These days, payment terminals can also conduct contactless payments and mobile payments, like Apple Pay, via Near Field Communication (NFC) technology. However, magstripes are no longer PCI compliant.)
EMV and NFC (Near Field Communication) technologies both came out around the same time and both are involved in the payment process—which can make them easy to confuse. Final words At Stax, we’re all about helping merchants implement robust payment security that go above and beyond security standards.
Some may still want to allow magstripe card payments, but near-field communication (NFC) compatibility is non-negotiable for 2024 and beyond. A mobile point system—aka mobile POS or mPOS—is a portable point of sale system that operates on a smartphone, tablet, or dedicated wireless device.
Near-field communication payments Near-field communication enables devices to interact and transfer data through close-range connections ( not more than 20 centimeters ). Radiofrequency identification payments Radio Frequency Identification (RFID) is a wirelesscommunication technology like NFC. Request a free demo today.
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