Key Features To Include In Your Contactless Payment Application

Key Features To Include In Your Contactless Payment Application

What is Contactless Payment?

Contactless payment is a means for consumers to make purchases with a payment device by tapping the device on a point-of-sale terminal. Many also refer to contactless payment as "tap-and-go" payments.

The use of two different technologies makes this possible.

1.

Radio frequency identification (RFID)

2.

Near-field communication (NFC)

A contactless payment solution overrides a consumer's need to insert or swipe a credit or debit card.

Consumers that use contactless payments don't have to enter their PIN or sign for the transaction.

How Does it Work?

1.

The merchant's payment terminal prompts a consumer to pay.

2.

The consumer then holds their payment device over the contactless payment symbol.

3.

Payment information is then electronically transmitted from the payment device to the bank or financial institution.

4.

If the transaction is approved, the payment terminal makes a noise or lights up, indicating the transaction is complete.

Ideal Key Features of a Contactless Payment Application Nowadays, consumers expect businesses to offer contactless payments. Due to the shift in buyer expectations, many different payment software solutions have entered the market.

Selecting the payment application solution that best suits your business is imperative to your day to day operations.

Ideally, a contactless payment application solution should have the following features: • Sophisticated security technologies (typically through tokenization or point-to-point encryption) • The ability to integrate the payment application with third-party payment processors and systems •

Acceptance of any type of payment

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Integrated CRM capabilities

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Functionality to handle gift cards, tips, discounts, and refunds

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A cloud-based platform to access data from any device

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Real-time point of sale data reporting and analytics that can be customized

Custom Payment Gateway & Processing Solutions offered by Chetu Chetu is a leading provider of point of sale and payment software custom-tailored to meet your exact business needs. The firm has been developing custom payment solutions for over 20 years and is fully compliant with PCI and EMV. The point of sale software Chetu provides securely integrates with any thirdparty payment processing platform.

Custom Point of Sale Programming The following are some elements of the software that Chetu can personalize: •

Screens, keyboards, and menu interfaces

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Tip and tab revenue tracking

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Mobile apps

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Inventory control and asset management

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Systems for quality control, scheduling, and management

Cont…

Chetu provides customized point of sale software for any industry. Included with the point of sale software is Chetu's analytics software.

The reporting and analytics software allows for the following: •

Custom dashboards with real-time reporting data

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Data mining, predictive analysis, and KPI tracking

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Customer and inventory insights

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Decision support

The analytics software serves to help you comprehend data more efficiently within a centralized platform. The real-time data populates on the personalized reporting dashboard to streamline making data-driven decisions.

Payment Software Solutions Provided by Chetu •

Custom payment gateway integrations and processing software

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Multi-currency payment processing

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Mobile device payment processing

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Personalized online payment software

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Custom billing and invoice software

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ACH payment and electronic check processing

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Customized online payment terminals

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POS development

As we advance, the use of contactless payments by consumers will continue to increase in volume. Chetu offers contactless payment software development solutions for every industry. The software provided ranges from enterprise-grade to start-up in size.