Bindo Announces Support for Apple Pay and NFC Contactless Payments

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Bindo takes the leap in moving towards cardless payments and is becoming the first Apple Pay-enabled iPad POS solution.

Bindo, a leading retail technology company that makes iPad Point-of-sale (POS) systems for retailers, has today endorsed Apple’s move to improve the payments experience by becoming the first Apple Pay-enabled iPad POS solution.

Bindo’s new NFC-enabled mPOS reader will operate over Bluetooth Low Energy and wireless technology. Using the most advanced technology, it will be able to accept EMV chip and signature, chip and pin devices, and, of course, magnetic swipe. Bindo’s mobile contactless payment will operate on an EMV-based payments infrastructure.

On September 9th, 2014, Apple announced the iPhone 6, Apple Watch, and Apple Pay. According to Apple, users will be able to add new cards to their iPhone’s Passbook app by using their iSight camera to directly capture card information. However, none of the credit card information is stored on the iPhone itself. Instead, a unique Device Account Number is assigned and encrypted, protecting your information from anyone, including merchants. This means that actual credit card numbers can never been compromised if the iPhone is lost or stolen. An extra level of authentication is also added through the Touch ID sensor, which requires users to use their fingerprints to authorize payment. Apple Pay seeks to improve the payments experience through one touch payments.

Using Bindo’s Apple Pay-enabled mPOS terminal opens up a world of possibilities. Bindo’s POS solution will allow retailers to to push ad hoc offers to passersby. Consumers will be able to claim them and even pay for them through Apple’s Touch ID and Apple Pay technology, speeding transactions and enhancing the customer shopping experience, bringing them one step closer to bridging the gap between the online and offline shopping experience.

ABOUT BINDO
Bindo was founded in 2011 by Jason Ngan and Brad Lauster. It has developed a cloud-based iPad POS (Point-of-Sale) that enables online shopping for the end consumer. In a few months, it will be releasing Bindo Marketplace: a consumer app that aggregates all of the stores using Bindo POS onto one platform, allowing consumers to purchase directly online from their favorite neighborhood store, and have their orders delivered. In doing so, Bindo aims to close the loop between the online and the offline. As the network grows, Bindo becomes a real-time product graph, connecting brands, consumers and merchants. For more information, please visit Bindo’s website at http://bindopos.com.

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Michelle Yuan
Bindo Labs Ltd.
+1 (646) 798-8383
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Benedict Wong
@shopBindo
since: 11/2010
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