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Visa recommends using a mobile payment system instead of just using a tag. Currently this service is only available in Malaysia, but it will be popularized in other countries in the next few years. The method used like a credit card. A radio frequency receiving device is installed in this mobile phone tag, which enables you to purchase things by connecting your mobile phone to a terminal device.
Like some mobile payment models that have been implemented in Japan, this service is to install a chip on the mobile phone to link with the payment terminal. But the latest version is based on a global standard, which is called short-range space communication.
Here is how it works:
You can buy a mobile phone with a short-range space communication chip, and then you need to apply for a mobile payment account with the bank.
When you want to buy something, keep your mobile phone and the merchant terminal within 4 cm. This transaction process is just like swiping your credit card on a terminal.
This method is the same as the RFID payment system used in the United States. This system places a bar code on the credit card or on the key chain. In fact, the terminal devices you see in fast food restaurants and pharmacies can identify the new generation of The associated account of the mobile phone.
However, the chip in the mobile phone has added some functions to make it safer and more convenient to use the barcode of the existing RFID system or the barcode of the phone when buying things.
If you need it, you can also lock the payment function on your phone with a password, so that phone hackers will not be able to steal your information. More importantly, even if you have not locked the card number on your mobile phone, you can notify your bank, and the bank will invalidate it through remote control. As for convenience, this technical standard will fundamentally allow you to load multiple accounts onto your phone. In Malaysia, this app allows a mobile phone to pay for parking and public transportation through separate accounts. Moreover, this system allows debit and credit cards to come from different suppliers and payment providers. When you need to consume on a terminal device through a mobile phone, you need to install an application software on the mobile phone to switch the default account.
Of course, this service may cause some people to simply think that when they consume credit cards, they simply take out their mobile phones and use them instead of the cards in their pockets.
This payment application is one-way, unlike short-range space communication that allows two-way information exchange; the mobile phone sends the associated card number to the inspection terminal device. No information was sent back. However, Visa and other companies have applications through the Internet that enable information to be fed back to the mobile phone. For example, as long as you swipe the relevant bank card once, the bank will send you a short message. (Of course, this kind of application system does not need additional chips to support such functions.)
Theoretically, the short-range space communication standard allows your mobile phone to complete other good tasks. It will use Bluetooth headsets to achieve the payment function, without the need to enter passwords and the like. If you can allow your mobile phone to receive enough advertising information, you will also be able to check in or get samples of advertising through your mobile phone.
I asked Pam Zuercher, the manager of the Visa mobile team, how much impact these things will have. Since this product was launched commercially for the first time, she hesitated, saying that the method adopted will depend on the acceptance of mobile phones and RFID terminal devices. However, she emphasized that there is also a cultural issue here. I think it will depend on the different economic situations in different places,” Ms. Zuercher said. “Let’s take Malaysia as an example. There are a lot of high-end mobile phones that enable Malaysians to load a variety of applications.”
In the United States, Visa has tested this kind of technology, but it focuses on how to improve the way credit cards transmit information to mobile phones. In addition to its short message function, Visa also has applications that can be applied to robots and high-end mobile phones will let you Pay attention to the coupons of credit card cooperative merchants near you. In addition, it can also have another advantage, that is, let you have a short username or alias to associate with your credit card, so that when you buy goods on your mobile phone or transfer funds Is simpler and more convenient.
Personally, I don’t think I’m sure whether I’m willing to use my mobile phone instead of using a card to buy goods. Since my mobile phone and my wallet are always on my body at the same time, and they are both the same size, the two things are actually good for me. So there is no difference. If this technology is really useful, I think using more mobile payments should make my life easier.
What do you think? Will these allow you to abandon those gold cards and tell them “Can I pay with my phone?”
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