Tag Archives: contactless payment

Contactless payments on mobile – try it live at Money 20/20

Alcinéo and Trustonic have developed a secure payment solution allowing merchants of all size wherever they are, to accept contactless payments the simplest way, using only their smartphone. 

The solution will be showcased at the upcoming Money 20/20 in Las Vegas, October 21-24, where the payment industry makes Money Revolution. 

Come and try it live at the stand of our TEE technology partner, Trustonic : 1282.

The solution can be used by all categories of merchants, including restaurants and bars, itinerant vendors or sole traders. In addition to contactless smartcard acceptance, it can take digital lunch vouchers, or process wallet-based transactions including Samsung Pay or Google Pay for example.

Once the application has been downloaded, the smartphone or tablet turns into contatless capable terminal, offering to merchants the opportunity to increase sales with customers holding their  favorite contactless mean of payment (card, smartphone, watch…). 

Visit Trustonic booth and learn more about the solution, try it, and adopt it. 

Keep in touch with us at : info@alcineo.com 

Mastercard’s milestone for contactless acceptance terminals

Major payment schemes have released roadmaps for the global completion of EMV® contact and contactless technology migration, such as Mastercard’s milestone, to help POS vendors anticipate the development of EMV capable solutions in the near future.

Even though the migration to EMV has started in the early 90s in Europe which is now a mature market, it has only been introduced 2 years ago in the US and still need to be promoted.

Mastercard requires that from October 2018, newly deployed POS terminals support EMV contact and contactless functionalities.*

And all POS systems shall embed EMV and contactless technology by April 2023.*

*Please note that these rules and dates may defer according the regions, such as US or Canada, and the nature of the deployed terminals (POS, mPOS, unattended terminal, integrated POS…).

The other major payment schemes have also edited milestones to achieve EMV and contactless payments’ expansion. Do not hesitate to contact your Alcineo representative to obtain further information, at : info@alcineo.com.