Payment credit http://fimendurance.com/ Tue, 20 Sep 2022 03:49:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 https://fimendurance.com/wp-content/uploads/2021/10/icon-5-120x120.png Payment credit http://fimendurance.com/ 32 32 GoTab launches RFID mobile ordering and payment solution https://fimendurance.com/gotab-launches-rfid-mobile-ordering-and-payment-solution/ Mon, 19 Sep 2022 14:23:00 +0000 https://fimendurance.com/gotab-launches-rfid-mobile-ordering-and-payment-solution/ Leading Foodservice Commerce Platform Launches Smart Tech to Streamline Customer Experience in restaurants, food halls, hotels, festivals and other event venues FSTEC debut September 19-21 ARLINGTON, Va., September 19, 2022 /PRNewswire/ — GoTab, a leading restaurant commerce platform, today announced the launch of its Radio Frequency Identification (RFID) technology designed to simplify mobile ordering and […]]]>

Leading Foodservice Commerce Platform Launches Smart Tech to Streamline Customer Experience in restaurants, food halls, hotels, festivals and other event venues

FSTEC debut September 19-21

ARLINGTON, Va., September 19, 2022 /PRNewswire/ — GoTab, a leading restaurant commerce platform, today announced the launch of its Radio Frequency Identification (RFID) technology designed to simplify mobile ordering and payment for customers in restaurants, food halls, hotels, festivals and other event venues. Using smart tag technology, RFID enables consumers to reload items from participating locations onto a single key card or wristband, creating a seamless ordering and payment experience for customers and driving increased transactions for providers.

“As the world continues to go digital, consumers want the same fast commerce experience they have with food delivery or shopping online, on the spot,” said GoTab co-founder and CEO, Tim McLaughlin. “With RFID, we are accelerating commerce, giving operators the tools to increase transactions and generate revenue while generating a fast and holistic consumer experience.”

Designed for convenience, GoTab’s RFID solution enables operators of single and multi-unit restaurants, food halls, festivals and other entertainment venues to deliver a fast and easy commerce experience. Prior to the event or upon entering the venue, guests receive a unique branded key card or wristband for each person, to which they can allocate funds from a credit or debit card. From there, customers can charge for food or retail items from multiple merchants on a single tab by simply tapping the card or wristband at each shopping station. Payment is then received via pre-allocated funds, or applied to a hotel or restaurant stay to be paid out upon completion based on location and usage. Additionally, the technology enables automatic reimbursement for customers if they spend less than what was loaded onto their card or wristband.

The launch of RFID follows GoTab’s new offering that enables multi-operator venues such as food halls, festivals, stadiums and more to automate vendor payments while enabling a seamless ordering and streamlined checkout process for customers via a single QR code. RFID, coupled with this multi-operator functionality, accelerates GoTab’s mission to help hospitality businesses optimize operations and drive sales through advanced mobile ordering and payment solutions.

To learn more about GoTab’s RFID solution, please visit https://gotab.io/en/demo-request/ or stop by GoTab’s booth at FSTEC on September 19-21which is located at booth #304.

About GoTab

GoTab, Inc., a Restaurant Commerce Platform (RCP), helps restaurants, breweries, bars, hotels and other large and midsize venues run profitable operations while making customers even more satisfied. It integrates with popular point-of-sale (POS) and property management (PMS) systems and allows customers to order and pay through a server, order and pay directly from their own mobile phone, or combine the two experiences on a single tab, thanks to its all-in-one point of sale, mobile ordering and payment functions and kitchen display systems (KDS). The guest never needs to download a mobile app or create a password. Operators benefit from flexible features that can be quickly applied to access new revenue streams through catering, takeout and delivery, events, online ordering, and more. Founded in 2016, GoTab processes over $250 million transactions per year with operations in 35 US states, Canada and growing. For more information, check out our media kit, request a demo here, or learn more at https://gotab.com/.

Media Contact:

Madison McGillicuddy
[email protected]
(203) 268-8269

SOURCEGoTab

]]>
Innovative Payment Solutions Inc (OTCMKTS: IPSI) Launches North as Digital Payments Provider Gains VISA Approval and Launches IPSIPay App in App Store https://fimendurance.com/innovative-payment-solutions-inc-otcmkts-ipsi-launches-north-as-digital-payments-provider-gains-visa-approval-and-launches-ipsipay-app-in-app-store/ Sun, 12 Jun 2022 15:19:13 +0000 https://fimendurance.com/innovative-payment-solutions-inc-otcmkts-ipsi-launches-north-as-digital-payments-provider-gains-visa-approval-and-launches-ipsipay-app-in-app-store/ Innovative Payment Solutions Inc (OTCMKTS: IPSI) is a low-float digital payment solution targeting the $100 billion remittance market that is rapidly climbing the rankings and getting noticed by investors. Currently trading at a market valuation of $12 million, the stock reached $0.36 in February 2021 with virtually the same stock structure as today. IPSI is […]]]>

Innovative Payment Solutions Inc (OTCMKTS: IPSI) is a low-float digital payment solution targeting the $100 billion remittance market that is rapidly climbing the rankings and getting noticed by investors. Currently trading at a market valuation of $12 million, the stock reached $0.36 in February 2021 with virtually the same stock structure as today. IPSI is an SEC filer and fully declares the OTCQB with little debt and $3.6 million to the Treasury. In early May, the stock fell below $0.01 and over $10 million was sold there, the seller who had taken the stock down from its 2021 highs sold the rest of his position. Since then, IPSI has been steadily moving north as there are buyers and no sellers. While volume has increased significantly in recent days, the stock is starting to see explosive moves up 43% on Friday alone, a day when the DOW was down over 880 points.

Although the company has been slow to release recently in April, it announced the launch of the second phase of the IPSIPay app after VISA® was approved for use of its debit card services under IPSI Pay. Following the initial launch of IPSIPay in December 2021, the availability of VISA debit card capability as part of IPSIPay enhances IPSIPay’s positioning as an attractive mobile banking solution for IPSI’s initial target market – the large and growing unbanked, underbanked and $50 billion money transfer market just between the United States and Mexico. The IPSIPay application offers a cheaper, faster, secure and more convenient solution. Users can use the app to send wallet-to-wallet transactions and load money onto VISA debit cards, allowing customers to access funds through ATMs as well as hundreds of thousands of businesses that accept VISA throughout Mexico. Currently, sending money with the app is free for the sender and receiver, making it a cost-effective solution for a population of people who typically have limited access to banking services.

Innovative Payment Solutions Inc (OTCMKTS: IPSI) operating out of Carmel by the Sea, California, is a fintech provider of digital payment solutions and services for businesses and consumers. The Company is focused on operating and developing “electronic wallets” that allow consumers to deposit money, convert it to digital form and transfer the funds within Mexico and other countries quickly and securely. security. IPSI’s first electronic wallet, the Beyond Wallet, is currently operational. The company’s flagship e-wallet, IPSIPay, was soft-launched in December 2021.

In January, IPSI launched the IPSIPay app (find it here in the App Store) representing an important step in the Company’s strategy to establish a dominant position in the world’s largest remittance markets. The company’s IPSIPay app offers users a cost-effective way to send money to Mexico, which, according to wral.com, is the world’s third-largest remittance recipient and accounts for annual remittances over $50 billion. In addition to its functionality to send and receive funds, the IPSIPay app also acts as a digital wallet, allowing users to perform many banking functions, including the ability to use a VISA debit card to perform financial transactions. The app also allows users to invest in cryptocurrencies, gold, and silver.

In addition to Mexico, IPSI is also targeting India and the Philippines, which represent three of the top four remittance recipients in the world. The IPSIPay application, in addition to the ability to make payments, provides various other valuable services for the unbanked and underbanked, providing a low-cost solution that allows them to have access to many payment services. made via their phone. Compared to alternatives on the market, the IPSIPay app provides discounted money transfer and banking-like services, offering a viable alternative with lower costs and greater functionality. The lower costs associated with the IPSIPay app align with the current United Nations mandate to reduce remittance costs, which aims to help migrant workers around the world.

To find out Inside Scoop on IPSI Subscribe to Microcapdaily.com now by entering your email in the box below

IPSI

IPSI engaged Response Media to execute a digital marketing campaign and maximize awareness of the IPSIPay platform. The company is confident that as potential users better understand the features and attractive price of the IPSIPay app, IPSI will see a surge in the number of active users.

On April 4, IPSI announced the launch of the second phase of its IPSIPay application following the approval of VISA® for the use of its debit card services under IPSIPay. Following the initial launch of IPSIPay in December 2021, the availability of VISA debit card capability as part of IPSIPay reinforces IPSIPay’s positioning as an attractive mobile banking solution for IPSI’s initial target market – the growing unbanked, underbanked and money transfer market.

The new IPSIPay VISA debit cards can be obtained through the IPSIPay app, allowing users to transact anywhere VISA is accepted worldwide. The VISA debit card is loaded using the IPSIPay app, providing users with the ability to withdraw money with a nominal fee from their digital wallet using the VISA debit card at ATMs tickets. The IPSIPay VISA Debit Card also allows customers to access their money from an extensive network of merchants around the world, providing the ability to make everyday purchases anywhere VISA cards are accepted. Simultaneously, the cards provide users with a bank account through Metropolitan Bank, allowing users to potentially establish or improve their credit.

This second phase of the IPSIPay app launch also features increased functionality, including the ability for users to make cash deposits to their IPSIPay wallets at Chase, Bank of America and Wells Fargo branches, which is becoming available immediately. for use in their digital wallet on the IPSIPay app. This increased functionality also supports all current IPSIPay features, such as wallet-to-wallet cashless transactions, including across borders (including US to Mexico).

The IPSIPay VISA Debit Card offers people accustomed to relying on cash the opportunity to live in the cashless economy that has emerged, providing a convenient, efficient and cost-effective way for the unbanked and underbanked to move money at significantly lower rates. than traditional methods. Fees associated with accessing money through ATMs are minimal and there is no cost to users to move funds between wallets or to make purchases directly with their wallets. offering IPSIPay users flexibility in transferring money across borders.

The card offers significant benefits to users of the IPSIPay app, ultimately making it easier and cheaper to transfer money to and from anywhere in the world. The VISA debit card also offers users the ability to withdraw funds from their IPSIPay digital wallet, giving users much more flexibility to access money that is on their IPSIPay app and giving users access to a extensive network of ATMs.

IPSI CEO William Corbett said: “We believe that while these benefits will be a game-changer for our users and create the potential to add millions of people and dollars to the cashless economy, it does not is just the beginning. We look forward to updating our shareholders on exciting future developments for IPSI very soon.

To learn more about IPSI, subscribe now!

Currently trading at a market valuation of $12 million IPSI has 367,901,679 shares outstanding, of which 90,036,969 are restricted, leaving 277,864,710 IPSI shares free for trading. The company is well funded with $3.6 million in cash and does not dilute the stock. IPSI OS has not changed since August 2021 and is virtually the same share structure that IPSI had in February 2021 when the stock stood at $0.36 per share, representing a valuation of over $100 million. HMBL a company in the same field with a significantly less well-developed product traded at a market valuation of $1 billion at one point. IPSI initially targets the south California then expand to other states, including Texas and Florida, which have large immigrant populations. IPSI’s initial target market – the large growing unbanked, underbanked and $50 billion money transfer market between the United States and Mexico. The Company believes they have a superior product and if they are able to capture even a very small share of the market, this represents a significant revenue opportunity for IPSI. We’ll update IPSI when more details emerge, so make sure you’re subscribed to Microcapdaily.

Disclosure: We don’t hold any positions in IPSI, long or short, and we weren’t compensated for this article

]]>
UPI provides a transparent and convenient payment option; But how secure is it? https://fimendurance.com/upi-provides-a-transparent-and-convenient-payment-option-but-how-secure-is-it/ Sat, 23 Apr 2022 02:38:48 +0000 https://fimendurance.com/upi-provides-a-transparent-and-convenient-payment-option-but-how-secure-is-it/ The Unified Payment Interface (UPI) was launched by the National Payments Corporation of India (NPCI) in 2016, and since then it has revolutionized the Indian payment ecosystem.In FY 2022, UPI processed Rs 80 trillion worth of transactions, and recently NPCI also approved an additional 60 million users for UPI Whatsapp. But what makes a UPI […]]]>

The Unified Payment Interface (UPI) was launched by the National Payments Corporation of India (NPCI) in 2016, and since then it has revolutionized the Indian payment ecosystem.
In FY 2022, UPI processed Rs 80 trillion worth of transactions, and recently NPCI also approved an additional 60 million users for UPI Whatsapp. But what makes a UPI transaction secure?

UPI offers convenience

UPI has provided consumers with a convenient and fast payment mechanism, whether for peer-to-peer (P2P) transactions or online or in-store purchases. UPI can be used anywhere in India free of charge. There are more than 150 apps available on play store and app store which facilitate UPI Paymentsand major e-commerce operators also launched their UPI products.

Even people who are not tech-savvy can use UPI to make payments, mainly thanks to UPI’s QR code-based and other payment features. “The UPI form factor plays an important role in its wider adoption. Easy to remember UPI addresses (phone number@upi), shareable UPI QR codes, native chat window experience (Whatsapp pay) and other features make it easier to use,” says Amit Das, co-founder and CEO of Think360.ai, a comprehensive data science company.
Click here to learn more about why consumers prefer to pay with UPI

Traditionally, debit cards, credit cards, net banking and other payments have used two-factor authentication to secure a transaction, but security measures have hampered customer convenience. “In the payments ecosystem, the security and convenience of a payment were in an inverse relationship. If the security component was in place, then the convenience was down, and vice versa. debit and credit card have two-factor authentication mechanisms. This makes them safe but sometimes slow for the end consumer. But in UPI, a user just needs to remember their mobile number and install the UPI app on his phone,” says Saket Modi, entrepreneur and co-founder and CEO of Safe Security, a cybersecurity and digital business risk quantification company.

With many consumers wanting faster transactions, NPCI’s challenge was to create a product that was both secure and convenient.
Click here to learn more about how Genz and millennials prefer faster transactions using BNPL over other payment methods:

UPI Security

The safety of IPU network. One is the consumer side which can be seen publicly, and the other is the business side security.
The consumer side uses three authentication factors to secure a transaction on the UPI network.

“The first authentication factor is device binding. The second factor used is KYC verification by sending an SMS to the server. This verifies that the mobile number you have on the device is KYC verified with the account bank of the UPI network. The third is the UPI PIN,” Modi added.

He explains that each UPI app ties a user to their phone number. So, if you are using the BHIM UPI app on your mobile, you cannot use the same particular number to register for BHIM on another mobile phone without also porting the number to this new device. “This is because BHIM is linked to your profile with the number present on the mobile, and if you change your mobile, the number will also have to be taken.”

1) Consumer side

When a consumer downloads a UPI application from the Play Store or App Store, certain safeguards and protocols ensure that the user experience is as secure as possible without hampering convenience.

• SIM card: A UPI application will not allow a user to register if there is no valid SIM card. This is because UPI uses the unique cryptographic keys stored in a user’s SIM card to hard link the device to its server. Thus, the SIM card linked to the phone number registered with the user’s bank must be present at all times when using the respective UPI application. It also means that if you change your mobile, you must install the same SIM card in the new device. Otherwise, the UPI server will not be able to verify your details.

If a user does not have a valid SIM card, a UPI application will not allow them to register.

• UPI Application Access Code: This is optional. When enabled, this feature will prompt for a password each time you log into the UPI app. This password is different from a UPI transaction PIN.

• UPI PIN registration: When registering a UPI PIN, the application will ask for the last six digits of the user’s debit card and its expiration date. This will then be authenticated using the OTP method. Authentication can also be done using Aadhaar.
Learn more about Aadhaar-based UPI registration here

• Location Binding: This is an optional and additional security protocol where the UPI application requests access to users location in order to bind it. When you enable this feature, the UPI payment app saves the transaction’s originating location and device ID for reference when needed.

“We have built our UPI SALT application using NPCI’s SDK and API tools provided by them. We have also implemented a transaction recording feature based on location binding. This allows us to record from which locality or area a customer transacts most of their transactions, and if suddenly the same customer account becomes active in another area far away from their original location, our system will flag this, and we will then contact the customer and ‘ will let us know, and if they’re actually making the transaction, we’ll remove the flag; if not, we’ll take action. This feature helps us protect the customer because, without their knowledge, someone else might transact using his account elsewhere,” said Mahesh Shukla, Founder and CEO of PayMe India, an RBI-registered NBFC.

2) Backend business side security

There are over a hundred backend security protocols deployed at different levels of a UPI transaction.
UPI was designed as a Software Development Kit (SDK) and used an Application Protocol Interface (API) to communicate with each other. SDK and API tools were provided and developed by NPCI. Thus, the security measures are independent of the user’s own application security protocols. Therefore, any payment application can use UPI’s SDK to create its own custom application and also use its own security protocols. However, they will need to use the provided API tools to communicate information between different SDKs.

“We were one of the first security vendors hired by NPCI to manage the security of the UPI network when it launched. UPI is actually an SDK-based API toolkit that NPCI offers to interested companies. This SDK-based API toolkit can be seamlessly integrated into any application. As a result, network security is independent of the respective application. NPCI and payment processing banks will manage all backend security on the wider UPI network,” Modi added.

SDKs
Software Development Kit (SDK)

]]>
The future of in-game payment methods https://fimendurance.com/the-future-of-in-game-payment-methods/ Fri, 22 Apr 2022 12:53:22 +0000 https://fimendurance.com/the-future-of-in-game-payment-methods/ by Analytics Insight April 22, 2022 Is cryptocurrency the future means of payment in gambling? Why is it so? Online games have become very competitive. Massive changes have been seen in banking methods, technological innovations, and rules and regulations. The best casino payment methods in the world are constantly adopting new trends. Most players place […]]]>

by Analytics Insight
April 22, 2022

Is cryptocurrency the future means of payment in gambling? Why is it so?

Online games have become very competitive. Massive changes have been seen in banking methods, technological innovations, and rules and regulations. The best casino payment methods in the world are constantly adopting new trends.

Most players place great importance on fast and secure transactions. Therefore, online casinos accept a variety of reliable payment methods and strive to make deposits and withdrawals as convenient as possible. However, there are so many online casino payment options that many customers feel overwhelmed and not sure which one to choose.

Cash is virtually on its way out of almost every industry today. E-money has taken over online casino payments. Online casino deposits are transforming the casino industry, especially in the area of ​​online gaming. It’s about making it easier and faster for consumers to play casino games. This article explains how electronic payment systems have revolutionized the online casino industry.

Why is cryptocurrency the future?

Cryptocurrency

Most people say that the future of payment methods is in online casinos. However, some people call it a bubble that will soon burst. But the fact that hundreds of gambling websites were using this method and adopting Blockchain technology is a sign that what lies ahead is promising.

Some of the advantages of trading with crypto are complete anonymity of your information and speed. Blockchain technology is decentralized, which means that no bank or government can control it. Some of the most popular coins on online platforms include Ethereum, Bitcoin, Dash, and Litecoin. However, don’t be surprised to find dozens of other currencies in the payment section of an internet casino.

Although there is a wide range of traditional banking services on online gambling sites, many players prefer to use cryptocurrency in the gambling industry. Most experts believe that the advantages of virtual coins explain their popularity growing. The benefits they provide to operators and gamers are amazing.

Whether you are an experienced player or a novice, you can easily transact with the crypto payment option. When using traditional payment methods such as credit cards, debit cards, or bank transfers, the time it takes to receive funds is not instantaneous.

Crypto and gambling casinos welcome players from all over the world, regardless of your country’s measures.

Other benefits include:

  • No Fees – When using standard online casino payment methods like a credit card or debit card, players typically incur a service fee. However, crypto does not have these fees as there are no centralized merchants/authorities to collect them. Providers do not charge vendors or players to fund a site to play casino games.
  • Instant Transactions – Cryptocurrency casino deposit methods could be a great option for most players. It’s easy and quick to set up and receive money instantly. You don’t have to wait 3-5 days to receive your winnings. Processing account requests takes a few seconds after making a withdrawal request.
  • More control by casinos – After eliminating centralized authority and governments, control shifts to online casinos. They get more freedom to conduct their business. This means they don’t have to follow the terms of other merchants like card providers. Players don’t have to worry about companies suddenly deciding to add fees or providers suddenly stopping authorizing their services.
  • Increased Security – P2P money like Bitcoin has been shown to have reduced security risks. Although there is a risk of fluctuation in value and form, it is still safer than most methods in the gambling industry. Security is always the last piece of a player’s puzzle. If a preferred payment method is faster, cheaper, preferred and secure, and safe, that will be the predominant option.

With millions of money circulating in crypto and so many players preferring these online casino deposit methods hold promise. There are no guarantees, however, and it can go both ways, so you should keep an open mind. However, if it continues with the same trend, we can expect exciting innovations in the years to come.

The partnership between gaming and blockchain

The technology includes robust features that can revolutionize the online gambling industry. It allows sports betting platforms to maintain permanent records in a transparent and secure manner. It also offers:

  • Complete anonymity
  • Eliminates intermediate requirements such as authentication and verification
  • Enables reliable and fair arrangements

For example, Bitcoin casinos use Blockchain technology, which is accepted as a reliable source of money. Today, sites are built entirely on cryptos like Bitcoin. Websites using Blockchain use verification to ensure fair play. Blockchain technology has no chance for operators to interfere with payments and results or cheat.

Gambling

Other Notable Options

Digital wallets are the way to go now and in the future mainly for their user-friendliness. Cards are great, but they’re a little less convenient compared to other payment methods. Neteller, Skrill, Paysafecard or even Poli casinos have many advantages. They differ in their functioning and development, but there is one thing that unites them. This is because users do not need to access their bank accounts every time they use one of the popular payment methods at top online casinos.

With an email address and a source of funds, you can fund your casino account and start playing in minutes. You won’t need to enter your bank details, and they’re relatively secure. Most of these payment plans use advanced SSL encryption to protect your data. This allows users to feel as secure as they would with traditional banks.

Conclusion

The use of electronic payments and digital currency is here to stay. Further innovations and developments will continue to be seen in this sector in the coming periods. If you haven’t used digital currency to transact online yet, we suggest you give it a try today. You are missing out on one of the most trusted payment methods.

Share this article

Do the sharing

About the Author

More info about the author

Analytical overview


Analytics Insight is an influential platform dedicated to ideas, trends and opinions from the world of data-driven technologies. It monitors the developments, recognition and achievements of artificial intelligence, big data and analytics companies across the world.

More by Analytics Insight

]]>