23 February 2018
visit www.nextgenbanking.co.uk/

TapBase launches iPhone payment and wallet apps

10 August 2012  |  2338 views  |  0 Source: TapBase

TapBase has announced the official release of its TapPay and TapWallet mobile applications for the iPhone as key elements of its Tap mobile payments, loyalty and rewards platform.

"After a significant development and testing effort, we're very pleased to offer merchants and consumers a feature-rich mobile payments billing and payment solution", reported CEO, Robert Mallett.

"Although there are a number of mobile payment solutions now available in the marketplace, our system mitigates some of the risks inherent in performing payment transactions away from the traditional bricks-and-mortar retail store. For example, a customer can request a bill be sent to their own device; the customer can then complete the transaction without having to directly share sensitive credit card data with the merchant."

The TapPay application was designed and developed with significant input from small businesses and the functionality extends far beyond the payment processing available from existing mobile payment systems. For example, merchants can use the integrated barcode scanner to manage a mobile database of products and services; items can be instantly called up and added to a mobile shopping cart where discounts, miscellaneous charges and/or tips can be applied. Using an optional magnetic-stripe reader, credit and debit cards can be swiped or a bill can be sent directly to a customer's smartphone.

The TapWallet application allows consumers to securely store and carry payment card information as well as loyalty and membership cards. When a bill arrives, the customer selects a payment card, signs the transaction on their phone and authorizes the payment. Within seconds, the merchant is notified that the transaction is complete and is provided with a copy of the receipt. This innovative system is fast, easy and convenient for both the consumer and merchant.

TapBase plans to offer Android versions of the apps and launch further components of its platform in Q4, 2012. This will include the ability for merchants to issue their own virtual pre-paid and gift cards using QR codes and NFC technology. Additionally, merchants may offeffer rewards to customers in the form of TapPoints - a virtual currency offered only on the Tap Platform.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comvisit www.swift.com/your-needs/instant-paymentsvisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10568 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
9820 views 3 | 8 tweets | 1 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8879 views comments | 13 tweets | 13 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7610 views comments | 15 tweets | 26 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job