Category: Financial Technology
- Written by: travelingman
- Category: Financial Company, Financial Technology
- Published: March 14, 2018
This will present information about PSI Pay. This company has been up and running since 2007. In this they give solutions in payment to businesses all over. It is also important to note that they are run by a team consisted of professionals from the industry who have substantial, global experience in payments in the fields of alternative and bank. Finally, they also find pleasure in the areas of clarity, efficiency, as well as transparency.
In a recent exiting activity, PSI-Pay and the company Kerv, creator of the Kerv NFC payments ring. This was in order to get more options of payments on the device. Kerv agrees that this partnership will allow users to let users of the payment ring to do their payments in locations amounting to 38 m locations around the world.
Now a note on feature PSI-Pay has is called Contactless. This is a feature on some payment cards. This feature lets you make a payment for different services and goods that is rapid and simple for ones that cost twenty pounds or less (in the UK). This is required without using a PIN number.
PSI-Pay has offered different products. Since 2009, the company has been licensed to release payment cards that are both prepaid and debit, as well as contactless (PayPass) programs and virtual cards. Since 2014 they were given the ability to give out throughout the EU, services of MasterCard. In October of the year 2015 they utilized Kickstarter to start up a fundraising campaign. Also, in 2007, they got their license to be a payment institution by the FSA, which is what they were known as before. They can also use PayPal, credit or debit cards, or a transfer from the bank in order to store money into their account. It is also important to note the managing director of PSI-Pay thinks that the idea of the payment rings is a solution he put into these thee descriptions, useful, innovative, and interesting. He also wouldn’t be surprised that the market would say yes to what he considered a “revolutionary payment technology”. Finally, three things that this company does by using PayPass to protect financial transactions. One is by the card owner keeping possession of the device or card to lower chances of a lost or stolen card. There is also an encryption code and finally a one-time bill even in an accidental second tap.
Nfcworld- “Kerv and PSI-Pay to prep for NC payments ring launch.” By Rian Bodeh
PSI Pay Info: www.linkedin.com/company/psi-pay-ltd