Visa, NCCC to launch first local mPOS service
The China Post News Staff
May 7, 2014, 12:05 am TWN
TAIPEI, Taiwan -- The National Credit Card Center (NCCC) and Visa jointly announced on Tuesday the industry's first mobile point of sale (mPOS) services, the launch of which can be expected in the second quarter.
In response to the demand from merchants in Taiwan for mobile payment solutions, the NCCC and Visa jointly announced on Tuesday that the industry's first mPOS service is now ready for commercial pilot rollout.
The NCCC plans to launch its mPOS services in the second quarter. The first group of partner merchants includes Watami Japanese Casual Restaurant (和民), Fubon Insurance (富邦保險) and DA.AI Technology (大愛感恩科技), providing merchants and consumers with even greater convenience when making payments by Visa credit cards and debit cards and marking a new milestone in mobile payment acceptance in Taiwan.
MPOS is a payment card acceptance service that uses a mobile device. It turns a smartphone or tablet into a secure point-of-sale device via a plug-in accessory. Merchants can accept either magnetic-stripe card or chip card payment anytime, anywhere.
NCCC President Felix Ong (翁光輝) said that the new mPOS services from NCCC will help increase credit card usage and reduce the risks in managing cash.
"Visa is working closely with the NCCC to jointly promote the development of mPOS solutions in Taiwan," said Visa Taiwan Country Manager Marco Ma (麻少華).
"NCCC designs and develops localized solutions suited to acquiring services in Taiwan, including security risk management and operational methods, and successfully introduces the mPOS services for commercial pilot launch," Ma added.
The mPOS services have been certified by the Visa Ready1Program, ensuring that consumers enjoy a reliable, convenient and secure payment service," he said.
Mobile point of sale will provide on-the-go service providers, such as restaurants, insurance providers and charity organizations with face-to-face credit card and debit card payments, eliminating the need for a fixed-line telecommunication network to accept card payments.