Payment Processing Made Easy - No Need for Credit or Debit Cards

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A recent report from Rogers states that they are the first Canadian cell-phone carrier to allow banking and credit card information to be stored in their clients Smartphone. MONEXgroup offers business merchants the solution to accept these forms of payments.

MONEXgroup offers business merchants a way to accept credit card payments via Smartphones!

No need to carry your credit card, debit card or cash – just as long as you have your Smartphone. As technology has evolved in the digital age, there has been an increased emphasis on making our devices ‘all-in-one’ – having one electronic device that can handle all of our daily needs, even payment processing.

Cellphones – which were once thought of as devices only for making and receiving phone calls -have become that all-in-one device, allowing us to listen to music, surf the web, send and receive e-mail and so much more. Now, you can add making point-of-sale purchases to that list.

Many Smartphones are now equipped with near-field communication (NFC) technology, which allows users to wirelessly exchange information with other devices. NFC-capable terminals from MONEXgroup allow business merchants to process payments made using only the purchaser’s cell-phone.

“Payments made with your Smartphone are the next logical step in today’s retail landscape” says Parry Rosenberg, the Vice President of Sales and Marketing MONEXgroup. “Users are constantly looking for the newest, easiest way to make purchases and the prevalence of Smartphones in Canada today makes this a must-have capability for your business.”

A recent report from Rogers states that they are now the first Canadian cell-phone carrier to offer a ‘digital wallet’ to users, which allows them to store their banking and credit card information in their device and make purchases without the need for cash or a debit card. NFC technology has been around for several years now, but is just now starting to catch on as a viable alternative to purchases made by credit cards.

According to Rogers’ market research, over half of NFC-enabled Smartphone users have made a credit card payment online using their phone in the past year, while almost half of Canadians want to learn more about the technology. An increasing number of Canadians are turning to digital solutions for their day-to-day purchases - and your business can stay ahead of the curve by being NFC-capable.

MONEXgroup is the leading independent provider of payment processing services in Canada offering the lowest rates in the industry. Our services include: debit card and credit card point-of-sale (pos) terminals, mobile, integrated and e-commerce online payment products. MONEXgroup serves over 20,000 merchant accounts across Canada in all market segments including: restaurants, business-to-business, professional services, leisure and hospitality.

Holly Murray
Marketing Communications
T: 647 204 0197

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Holly Murray

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