3 ms·

Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead o

by thawab 5y ago

Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead of it's own hardware. Interested to know why. [1]https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17361.html https://usa.visa.com/about-visa/newsroom/press-releases.rele...

ThatPlayer 5y ago
According to the video, it is end to end encrypted. So I could see it easier on PCI compliance if my phone never actually gets unencrypted credit card numbers.
- iamacyborg 5y ago
  Yeah, P2PE seems to be the way things are going to ensure easy PCI compliance. https://www.pcisecuritystandards.org/assessors_and_solutions/point_to_point_encryption_solutions?agree=true https://www.pcisecuritystandards.org/assessors_and_solutions...
iamacyborg 5y ago
PIN on Glass is the endgame here, where any mobile device can effectively become a full featured payment terminal. From experience there's still a large mental barrier from folks willing to process a payment on an individual's mobile device though. Some degree of separate physical widget provides more trust to the transaction. /edit Neat, it looks like the company I used to work for finally released their offering to the market. https://markets.businessinsider.com/news/stocks/dojo-becomes-first-to-go-live-with-magiccube-s-i-accept-product-as-its-contactless-softpos-pin-in-the-uk-and-ireland-not-constrained-by-contactless-cvm-limits-1030435265 https://markets.businessinsider.com/news/stocks/dojo-becomes...
barrkel 5y ago
The most common scenario in which I've made NFC payments to non-fixed points of sale is with street market stalls. Food trucks and the like. There, vendors would prefer to have a cheap NFC terminal to take card payments than have to leave a much more expensive phone within public reach to take payments. Opportunistic thieves wouldn't find much value in an NFC terminal even if it isn't very cheap.

by thawab 5y ago

ThatPlayer 5y ago

According to the video, it is end to end encrypted. So I could see it easier on PCI compliance if my phone never actually gets unencrypted credit card numbers.

iamacyborg 5y ago
Yeah, P2PE seems to be the way things are going to ensure easy PCI compliance. https://www.pcisecuritystandards.org/assessors_and_solutions/point_to_point_encryption_solutions?agree=true https://www.pcisecuritystandards.org/assessors_and_solutions...

iamacyborg 5y ago

PIN on Glass is the endgame here, where any mobile device can effectively become a full featured payment terminal. From experience there's still a large mental barrier from folks willing to process a payment on an individual's mobile device though. Some degree of separate physical widget provides more trust to the transaction. /edit Neat, it looks like the company I used to work for finally released their offering to the market. https://markets.businessinsider.com/news/stocks/dojo-becomes-first-to-go-live-with-magiccube-s-i-accept-product-as-its-contactless-softpos-pin-in-the-uk-and-ireland-not-constrained-by-contactless-cvm-limits-1030435265 https://markets.businessinsider.com/news/stocks/dojo-becomes...

barrkel 5y ago

The most common scenario in which I've made NFC payments to non-fixed points of sale is with street market stalls. Food trucks and the like. There, vendors would prefer to have a cheap NFC terminal to take card payments than have to leave a much more expensive phone within public reach to take payments. Opportunistic thieves wouldn't find much value in an NFC terminal even if it isn't very cheap.