Payment service provider Computop has enabled its retail customers to use their smartphones at the POS to accept contactless payments.
With the new Computop PhonePOS solution, using a secure PIN entry will allow retailers to accept payments over GBP 50 or EUR 50.
The use of commercially available mobile devices, also known as consumer-off-the-shelf-devices (COTS), provides an alternative to card terminals and also enables interaction with other app-based services. Communication between the device and the card takes place via the NFC reader and payment from smartphone to smartphone, for example, via ApplePay or Google Pay is also possible.
