Introducing A New Payment Method That Could Make Credit Cards Obsolete

Inside Contactless, a leading provider of advanced, open-standard contactless chip technologies, and First Data, a global leader in electronic commerce and payment processing services, today announced they have signed a three-year agreement to develop contactless payment stickers, which First Data will market as GO-Tag products. With this agreement, INSIDE will supply MicroPass payment sticker prelams exclusively to First Data-qualified card manufacturers for production.

The agreement helps leverage the core technology from INSIDE Contactless and First Data’s issuing and transaction processing power. GO-Tag products will be marketed by First Data to financial institutions, major merchants in the U.S., and other distribution channels in a variety of form factors.

First Data’s GO-Tag Solution represents a very important step into the future plastic cards and fobs, and offers a bridge to the future of mobile payments according to Barry McCarthy, general manager, Mobile Commerce and Point of Sale Solutions at First Data. And that their partnership with INSIDE Contactless enables them to offer consumers a great opportunity opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a payment device.

“This agreement highlights the versatility of our MicroPass platform to support a variety of contactless payment applications and form factors, including stickers,” says Charles Walton, executive vice president of payments for INSIDE Contactless.

You might also want to consider updating your restaurant POS system to Contactless credit card acceptance in the near future, because their technology is becoming more and more common in the marketplace. Customer service is all about speed and the faster we can process transactions at the restaurant point of sale terminal the better our customer experience will reflect on the value of our services.

The author of this article is the VP of Customer Relations at POS-For-Restaurants.com with over 20 years experience helping restaurants nationwide increase their efficiency and bottom-line profits using restaurant POS systems.

To learn on how our national POS network of restaurant point of sale specialists can help your business achieve greater success in these difficult economic times, visit POS-For-Restaurants.com.