The Brazilian payment technology company Elo has launched a new feature that allows contactless payments on cell phones and tablets already enabled to operate as POS terminals.
The B2B2C product is made available to acquirers, who then offer the solution to their customers. The first company to use the solution, called Tap On Phone, is the US acquirer Fiserv.
Tap On Phone is focused on small and medium-sized businesses and enables mobile devices with NFC technology to receive credit and debit payment transactions, including in installments.
With the app installed on the tablet or cell phone, merchants will be able to use their devices to make contactless payments using contactless Elo cards and digital wallets such as Google Pay and Apple Pay. The service can be used on any Android smartphone or tablet that has at least version 9.0 installed, NFC support, 3G or 4G chip, and wifi.
According to Felipe Maffei, Director of Products and Innovation at Elo, by adding the proximity payment function, the solution democratizes access to digital payments, besides expanding the acceptance of contactless payments throughout the country.
The Tap On Phone technology also has other functionalities, such as sending sales receipts via SMS or email, generating a complete daily sales report and even reversing transactions.
