22 September 2017
visit www.avoka.com

Digicash launches Beacon mobile payments using Sepa credit transfers

14 March 2014  |  10417 views  |  1 Digicash beacon

Luxembourg's bank-led mobile payments scheme Digicash has begun piloting in-store beacon devices that let customers use their handsets to make Sepa credit transfers straight from their current accounts.

The Digicash Beacons use Bluetooth low energy to automatically transmit required payment-related data to customers' smartphones.

At the point of sale, the user opens the Digicash app and places their handset by the beacon. Details of the transaction are displayed on the phone and the customer enters a PIN to initiate a Sepa credit transfer.



The app also works with NFC and QR code technology, automatically providing the customer with the best user experience based on their phone's features.

Local banks BCEE, Post and BIL and several retailers are currently testing the service ahead of a planned wide-scale roll out in the second half of the year.
KeywordsEFTPOS

Comments: (1)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 14 March, 2014, 11:10

I wonder what they have inside that huge funny-looking box that sits on the counter?.. (BLE beacon can be squeezed into a keyring form factor.)

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Westpac trials Google Glass app and Apple iBeacon

Westpac trials Google Glass app and Apple iBeacon

04 February 2014  |  9432 views  |  0 comments | 13 tweets | 15 linkedin
Estimote taps Apple iBeacon for micro-location-based shopping

Estimote taps Apple iBeacon for micro-location-based shopping

12 September 2013  |  8366 views  |  0 comments | 4 tweets | 2 linkedin
PayPal shines a Beacon on  the future of hands-free payments

PayPal shines a Beacon on the future of hands-free payments

10 September 2013  |  10841 views  |  4 comments | 13 tweets | 6 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.abe-eba.eudownload the paper now

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12339 views comments | 26 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10897 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9497 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8102 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8079 views comments | 5 tweets | 4 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job