Technocash - Advanced Smart Card

In this segment Technocash remittance wireless terminals have the key Smart Card features explained.

Smart Cards are popularized by many interest groups as being a solution to cashless payments. However, for an effective system the Smart Card functions need to be integrated into a more comprehensive payment environment.

Technocash through its wireless terminal technology compliments local low-value payment Smart Card methods with links to full multi-currency accounts. The basic Smart Card requirements are to load funds and then spend those funds purchasing items. Loosing the card naturally looses the funds, which is why Smart Cards are suitable as cash replacements for small transactions. Thus, Smart Cards are the ideal cash micro-payment extension to mainstream systems.

In this video we show how easy Smart Cards can be. However, Smart Cards only work well in areas that have terminals to take advantage of basic functions like loading cash, purchasing and checking balances.

Another point the video makes is that the Smart Card is a highly reliable alternative and secure technology which links to a customer's account. Thus a non-contact card can be used as the customer identification component being, "something you have", and of course the use of the PIN number is the, "something you know."

It is impressive to consider the extensibility of Technocash's soft-key button terminals.

Category:

Howto & Style

Tags:

• Australia
• Beneficiary
• cell
• family
• M-banking
• M-commerce
• Mbanking
• Mcommerce
• phone
• Remittance
• Technocash
• wireless

[Dmozar]

And ummm... when do we get this?