The partnership will work as a system used by Taiwanese taxis to make it easier to charge fares. CTBC Bank, based in Taiwan, has entered into a partnership with Soft Space, a fintech from Malaysia, to launch a contactless mobile payments system to be used by cab drivers to collect taxi fares. The system will allow customers with Android smartphones and NFC technology to tap to pay. The contactless mobile payments system will be powered by Soft Space so that Android phone users can pay for their cab rides using…
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Harnessing the Power of Contactless Payments for Your Retail Business
The COVID-19 pandemic has majorly affected many industries and the retail industry is no exception. Retail businesses heavily rely on cash transactions and other payment methods that involve physical contact. Social distancing and other restrictions created big trouble for both consumers and retailers. Thanks to the latest technology of contactless payment that made it easier for retailers to offer a safe and advanced payment solution to their customers. The trend of mobile payments is gaining popularity and has now become an important part of the retail industry. Businesses that are…
Read MoreNFC technology marketing campaign gives Barbadillo a shot in the arm
The Spanish winemaker is using near field communication tech in its latest consumer-focused effort. Spanish winemaker Barbadillo is working with Thin Film Electronics ASA to use NFC technology marketing to engage consumers via smart products such as smartphones. The goal of the campaign is to provide a more interactive and informative experience for consumers. The NFC technology marketing campaign employs the near field communication tech in the form of SpeedTap tags added to 126,000 “smart” bottles from Castillo de San Diego. The products were added to shelves nationwide and will…
Read MoreBiohacking takes wearable technology to new heights, but isn’t for everyone
A man in Sydney, Australia embedded his transit pass chip – among other chips – into his body. With the popularity of wearable technology and near field communication chips (NFC), biohacking is becoming increasingly commonplace. That said, before consumers jump onboard this practice, they are being cautioned to think twice for a number of reasons. Among the latest cases of implanting technology under the skin and making headlines was in Sydney, Australia. That story occurred when biohacking practitioner, Meow-Ludo Disco Gamma Meow-Meow (that is his legal name) inserted the NFC…
Read MoreQR code integration is the next step for Raiffeisen Bank ATMs
The Austrian financial institution will also be working NFC technology into its machines. In Austria, the Raiffeisen Bank is now changing their ATM network machines to include NFC and QR code integration. The financial institution is adding the reader devices to 1,200 machines throughout their network. The goal is to make it possible for traditional ATMs to accept quick response code scans and near field communication taps. There are several different types of transaction that will become possible with the mobile technology. Aside from the NFC technology and QR code…
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