VISA Quotes IBA Group in Visa Ready for Tap to Phone Press Release
On October 21, Visa Inc., a US multinational financial and payment cards company, published a press release entitled Visa Tap to Phone Transforms Payment Acceptance For Sellers Worldwide. Visa lists IBA Group among the first participants of the Visa Ready for Tap to Phone program.
IBA Group has been cooperating with VISA since 2014. The first project dealt with open-loop card validators that later became a part of the IBA Automated Fare Collection (AFC) system. Eventually, the IBA Fare Collection System, the IBA Card Validator, and tapXphone, the IBA’s solution built on the Visa Tap to Phone technology received a seal of Visa approval.
In 2020, VISA appointed IBA Group as a Visa Ready Certified partner for two partner programs, namely Tap to Phone and Transit. The certification confirms that the company’s solutions meet Visa’s global standards in terms of security and functionality.
IBA Group provides customization and support for the Visa’s application called Apple Express. The solution enables passengers to pay fares with Apple mobile phones without having to wake or unlock their device. The travelers can pay even with discharged mobile phones. IBA Group is in the lookout for more joint projects with Visa and new breakthrough technologies that transform our cities into a smart environment.
It is amazing! A POS terminal has turned into an Android application and merchants have a near unlimited choice of Android devices that they can use. The Visa Ready- certified PIN for Tap to Phone technology breaks all transaction limits and provides a better contactless payment experience to customers. No special hardware, knowledge or skills are required to turn a regular smartphone into a POS. It means minimized time and budget for rolling out payment acceptance and easy business scaling. I am sure that Tap to Phone is a new stage of payments evolution that is now happening.