Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
BNZ launches PayClip smartphone card reader
Posted on 11-Sep-2013 18:12 by Bill Bennett | Tags Filed under: Articles


BNZ PayClip phoneA snap-on device from BNZ quickly turns everyday smartphones into mobile card readers.

Aimed at New Zealand small businesses, PayClip is small, lightweight and straightforward to use. The bank expects it to be popular with market traders, taxi driver and others who need to take money while on the move or away from the fixed telephone network.

The device attaches to smartphones via the audio connector. Once connected reads the chips on Visa and Mastercard credit or debit cards.

The person receiving money enters security codes and the price using the smartphone screen and their customers can enter pin numbers or draw an on-screen signature.

PayClip works with any network

Transactions are conducted over mobile phone networks. PayClip works with the 3G and 4G data networks or over a Wi-Fi connection.

BNZ head of small business Harry Ferreira says the system is designed to be fast. He says small businesses need the cash-flow, with PayClip the money can be in their accounts as early as the next business day.

The hardware works with iPhones and many newer Android devices.  Ferreira there are apps for the device designed for both ranges, but not all versions of Android are covered.

Developed for BNZ by Australians

PayClip was developed for BNZ by Australia-based Mint Wireless. For now the BNZ is the only bank using the technology, but Mint head of projects Chris Hawker told digitl he expects others on both sides of the Tasman will follow the BNZ’s lead.

Ferreira says the BNZ had to change its mobile banking service to allow small companies to approve payments directly from smartphones. He also said the bank is working on integrating PayClip with point of sale and back-end systems.

BNZ says it expects thousands of customers will take the new technology.

PayClip will cost customers a flat $10 per month along with a 3.25 percent transaction cost.

 

Find me on Google+







comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

New Vodafone Broadband Plans
Created by Naithin, last reply by antoniosk on 21-Oct-2017 17:15 (55 replies)
Pages... 2 3 4


Vodafone TV - Is this sky?
Created by wingbat45, last reply by richms on 20-Oct-2017 18:00 (84 replies)
Pages... 4 5 6


Amazing that some speciality shops in malls survive at all
Created by amiga500, last reply by richms on 20-Oct-2017 23:07 (14 replies)

Macrium Reflect backup software - anyone using it?
Created by geekIT, last reply by networkn on 24-Oct-2017 12:16 (20 replies)
Pages... 2


BNZ Apple Pay is Live
Created by tehoro, last reply by alasta on 24-Oct-2017 10:22 (10 replies)

Load bearing wall? Looking for builders opinions
Created by Louis1985, last reply by Fred99 on 24-Oct-2017 09:17 (20 replies)
Pages... 2


Streaming of some All Blacks games on Allblacks.com for only $24.99!
Created by dazhann, last reply by vexxxboy on 22-Oct-2017 07:45 (30 replies)
Pages... 2


Chorus VDSL - Vectoring & G.INP rolling in
Created by hio77, last reply by hio77 on 24-Oct-2017 14:47 (9 replies)