18 December 2017
visit http://response.ncr.com

Optical antenna paves the way for 'point and pay'

12 November 2002  |  5531 views  |  0 Optical antenna paves the way for 'point and pay'

UK-based Optical Antenna Solutions (OAS) has teamed up with scientists at Warwick University to launch an optical lens and antenna that can enable credit card-free 'point and pay' technology using mobile handsets.

The antenna is inserted in a mobile phone to read as part of the infrared port and pointed towards a similar port in a POS terminal.

When a PIN is entered into a mobile phone the antenna captures a light signal, carries autentication data and exchanges it with the till. Once verified, customers are given an electronic receipt.

OAS says live trials of the antenna in a range of 'point and pay' applications are currently under way in Korea. Further trials are planned for the US, Japan and the UK.

Comments: (0)

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 blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.response.ncr.comvisit www.ebaday.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11156 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9787 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7701 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7295 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7233 views comments | 5 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job