Customers of Heritage Bank can conveniently and successfully pay for goods and services at a merchant location following launch of Pay Attitude mode of payment by the lender.
The Pay Attitude is a Chip and Pin tag-type contactless solution based on Near Field Communication (NFC) technology, which converts a customer’s mobile phone handset to an NFC device and links the handset to the customer’s debit or prepaid account plus ePurse account, enabling the subscriber or customer to debit their accounts for different payment transactions.
The introduction of the product is in line with the bank’s determination to continually give her customers a vast variety of payment solution options.
Ifie Sekibo, managing director/CEO of the bank, said that Pay Attitude was included as part of the bank’s collection of payment solutions because of its plus functionality, which guarantees subscribers the confidence and comfort of successful proximity or contactless payment for goods and services at merchant locations at all times, notwithstanding problems or challenges of telecommunication or unavailability of network of the merchant or customer’s bank.
Sekibo said that such transactions are authorised offline up to the value of plus functionality that the customer subscribed to with the bank.
He listed the benefits of Pay Attitude as zero percentage transaction failure for the holder; instant issuance at the branches and agent locations; protection of issuers and holders against fraud and unauthorised usage because of its Chip and Pin feature, and it suits the lifestyle of mobile phone users and it is convenient for retail transactions by tapping the phone against the PoS terminal.
He added other benefits as Mobile Network Operator (MNO) Neutrality, which makes it usable on any phone network; handset neutrality, ensures an automatic conversion of handsets to NFC compatibility, making it compliant with all phones and interoperability, which makes it possible to be used across different bank platforms and agents leveraging the switching and shared service capabilities of unified payments.
Source : BusinessDay