The smartphone seems to have a great future ahead of it, and not just as a phone or for using the mobile Internet on the go, but can also serve as a replacement for a credit card. More and more people are choosing to regulate important things in life with their smartphone. So why not the payment process? Basically, the idea of paying with a smartphone has been around for a long time. In the past few months, the well-known NFC technology has repeatedly made it to the top in the news about the smartphone, but has not yet been able to assert itself completely. The security of their own data – especially in the area of payment – is still the top priority for users. The mobile payment systems fromIt should stay that way. Apple and Google should therefore score with high security and ease of use.
The idea behind this payment method is simple but effective
With a specially developed app, users should be able to simply hold their smartphone against a designated terminal. A number is now called up here. However, this number should not be the credit card number itself, but only a number that makes it possible to access the data. The amount the customer wants to pay is then noted on the credit card. Google has now presented the Android Pay at the developer conference and announced that it should be integrated into the new Android M operating system.As part of this adjustment, it is planned that the user can use the proven fingerprint system for Android Pay.So far, this is only the introduction of some innovations by Google.At Apple, the payment system via smartphone has so far only been used in the United States, but should gradually be used for Europe and other countries.
What are the advantages of using a smartphone as a credit card?
Basically, many technical innovations are initially viewed with skepticism and that’s a good thing. Technical devices are more likely to fail than a simple credit card that is handed over to the payment process and then taken back. If the credit card is lost, the user is responsible for it. Especially when storing payment data in the smartphone, however, a basis is created that may make possible misuse even easier. Various security features are intended to counteract this. It is therefore also worthwhile to take a look at the advantages that are shown by a payment system with a smartphone based on a credit card. So users of this system can do without having their own credit card with them at all times.
If you take good care of your cell phone, you no longer have to be afraid of losing your credit card yourself. Theft of the wallet is only half as bad if there are perhaps no more money cards in it. Backing up the data on the smartphone makes it difficult for fraudsters to use this data for themselves.
Take a look at the time savings that are shown when shopping
Long waiting in line is not infrequently connected with the cashier reading the credit card first and the customer then having to provide his signature. If the smartphone now becomes a credit card, it can change. So it is possible that free cash registers are developed or used more frequently. The customer reads in the goods themselves, simply holds the smartphone at the machine for payment and the payment process is completed within a few seconds. Counterfeiting of the signature when paying with stolen credit cards is also prevented in this way. The advantages make this future vision of payment quite interesting.