Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a Napa, Calif.-based independent IT Services provider.
With Tap on Phone, any business can deliver new and best-in-class contactless consumer experiences using a device they already own: a smartphone.
Tap on Phone democratizes point-of-sale technology by turning an Android smartphone or tablet into an acceptance device, allowing businesses to accept contactless payments minimizing the need to invest in hardware terminals or extra features. Merchants can offer enhanced and accelerated curbside pick-up or payment on delivery, or provide faster line-skipping checkout in-store.
Cloud Point of Sale (POS) aims to help help Mastercard by enhancing its Tap on Phone product and empower ecosystem partners to develop their own cloud-based products with new tools and capabilities. Cloud POS moves key parts of the acceptance software from the individual smartphone to the cloud, offering robust security, reducing development and maintenance costs, and creating scalable distribution channels by allowing immediate connectivity to partners.
To launch Cloud Tap on Phone, Mastercard has convened an ecosystem of partners:
- Payments enablement technology company NMI operates as a key integration partner and distributor;
- Global Payments, a provider of payment technology and software solutions, will provide point-of- sale acceptance technology;
- CEG, an independent IT services company, serviced by an ISO BNG Payments, becomes the first company to pilot Mastercard’s Cloud Tap on Phone.
Milan Gauder, Global Head of Mastercard’s Acceptance Solutions Group, said:
“We continue to see an accelerating shift to digital payments, with businesses of all sizes wanting to provide swift, secure, compelling point-of-sale experiences. Cloud POS enables us to make these experiences available to our partners with greater speed and efficiency,Our partners are the center of everything we do, and our trusted technology powers innovative experiences, choice, flexibility and certainty, creating the products they need. Mastercard’s Cloud Tap on Phone delivers on our promise of ground-breaking products and innovation.”
