Radar Payments brings white label tap to phone contactless payment to acquirers

Share this post

BPC’s global processing centre, Radar Payments, announced the launch of Tap to Phone, a service that makes it easier for sellers to use their mobile devices to accept payments and offer a frictionless customer experience. The technology comes at a time of unprecedented change in the payments space, as Covid 19 speeds up demand for the adoption of mobile payments to help stem the spread of infection through the handling of money.

While governments continue to implement measures to promote a cashless society, merchants are looking to invest in affordable solutions that can support mobile transactions.

Radar Payments has responded to this demand by accelerating the availability of a number of innovative payment solutions available. Among these, Tap to Phone, which is set to be one of the biggest transformative payment innovations in 2021.

Tap to phone, also known as SoftPOS or Contactless Payment on COTS (CPOC) consists of turning any smartphone into a payment acceptance device without the need for extra hardware. It offers a simple and cost-effective way for all merchants to accept payments – from market stall owners and micro-entrepreneurs to brick and mortar retailers, food delivery drivers and nomadic businesses.

With Tap to Phone, acquirers will empower their merchants to accept all contactless payment methods: contactless EMV® cards, NFC devices such as smartphones, smartwatches, tablets and QR codes. In addition, Radar Payments’ Tap to phone is offered as a white labelled service to banks, PSPs and fintechs, facilitating the onboarding of merchants to their acquirers.

Payment innovation is no longer limited to a card and a POS. It can use any NFC enabled device or instrument to a phone that every shopkeeper usually possesses.

Tap to phone relies on a software installed on smartphones to convert them into payment acceptance devices. SoftPOS allow for any NFC enabled cards and devices to be waved at a smartphone for the payment to be accepted. The technology could leapfrog the adoption of POS machines, while supporting local and international payment networks.

It is multilingual, flexible and can be integrated with third party apps to extend the experience. The technology also fulfills the Contactless Payments on COTS (CPoC™) standards set by the The PCI Security Standards Council (PCI SSC).

Jane Loginova, co-founder of Radar Payments commented: “Innovation in payments is in our DNA and we strive to offer the widest payment choice possible for the best customer experience so that financial firms and PSPs can rely on us as their innovation lab without the need for further investment.”

“Tap to phone will fast track the availability of digital and contactless payments for merchants that need to go market fast or to respond to the demands from governments to shift from cash to contactless and to fully embrace the digital transformation. Tap to Phone offers a great opportunity for micro entrepreneurs and businesses as well who for too long relied on cash and expensive cash handling operations that often limited their growth potential. This is a technology that truly levels the playing field for all sellers, giving them the tools they need to embark on a successful scaling journey.”

The market for Pay and Go innovation is huge. Contactless Payment Market size is estimated to exceed USD 100 billion by 2026. The NFC technology segment already represented 60% of the revenue share in 2019, a trend that will continue as government initiatives promote more hygienic, contact free and faster payments.

More To Explore

Membership

Merchant Community Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?