{"id":411961,"date":"2020-06-30T09:24:38","date_gmt":"2020-06-30T07:24:38","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=411961"},"modified":"2020-06-30T09:24:38","modified_gmt":"2020-06-30T07:24:38","slug":"nedbank-launches-tap-on-phone-transaction-technology-for-businesses","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/411961\/nedbank-launches-tap-on-phone-transaction-technology-for-businesses\/","title":{"rendered":"Nedbank launches tap-on-phone\u00a0transaction technology for businesses"},"content":{"rendered":"<p>Nedbank has launched a new tap-on-phone<strong><em>\u00a0<\/em><\/strong>functionality that enables all merchants and business owners to convert their mobile phones into payment acceptance devices.<\/p>\n<p>The bank said that the technology makes it easier for small- and medium-sized businesses to use their compatible smartphones to accept quick, easy, and secure, payments from their customers for goods or services.<\/p>\n<p>Ciko Thomas, group managing executive: Nedbank Retail and Business Banking, said that tap-on-phone uses the same security as physical payment terminals and meets Mastercard and Visa requirements.<\/p>\n<p>He added that the security is further enhanced by the fact that customers do not have to hand over their physical bank cards to a merchant when paying.<\/p>\n<p>Thomas said that businesses nolonger need to invest in costly point-of-sale (POS) devices or fixed data or telephone lines to trade.<\/p>\n<p>This makes the functionality especially valuable for SMMEs, and informal traders that could not previously accept debit and credit card payments, he said.<\/p>\n<p>Nedbank said that the only requirements are an Android device that is on version 7.0 or newer and is NFC enabled.<\/p>\n<p>The group said that the tap-on-phone functionality is currently in pilot phase, and has been provided to a selection of Nedbank merchants.<\/p>\n<p>This client base will be increased during the second half of 2020, after which the technology will be made available to all Nedbank clients and third-party application developers, it said.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/internet\/411929\/mtn-launches-5g-heres-what-it-costs\/\" target=\"_blank\" rel=\"noopener noreferrer\">MTN launches 5G \u2013 here\u2019s what it costs<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nedbank has launched a new tap-on-phone\u00a0functionality that enables all merchants and business owners to convert their mobile phones into payment acceptance devices.<\/p>\n","protected":false},"author":10,"featured_media":411963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[26,1799],"class_list":["post-411961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-headline","tag-nedbank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/411961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=411961"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/411961\/revisions"}],"predecessor-version":[{"id":411975,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/411961\/revisions\/411975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/411963"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=411961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=411961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=411961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}