With its new mobile point-of-sale (mPoS) receiver, payments technology provider Ingenico is looking to broaden of the scope of NFC payments. The device is designed to support Apple Pay, Visa payWave and MasterCard’s contactless technology.
TechCrunch reports the mPoS reader, going by the name RP170c, will work whether a credit card has an EMV chip or magnetic stripe. Ingenico says the technology behind the receiver will support “virtually any” Android or iOS device. The aim is to open up Apple Pay and other payment technologies to smaller retail shops and outlets, the company explained.
451 Research Senior Analyst Jordan McKee comments
“Ingenico’s introduction of an NFC-enabled mPoS reader will be an enabler of contactless and EMV growth in the US. Small and midsized merchants are expected to be laggards when it comes to EMV adoption, chiefly because the perceived need to upgrade is low. An NFC reader allows Ingenico’s bank and independent sales organization (ISO) partners to approach merchants with a story that involves Apple Pay acceptance, helping to sweeten the pot for those that have little interest in EMV alone. NFC builds out the value proposition for the shift to EMV, making once-difficult merchant conversations easier.”