Payments
Patents & licensing Closed loop or National Payments platform
Bumping allows for the payment between two devices (enc-user/customer AND merchant) in a second(s), securely without the need of the end-users/customer devices to have internet to perform the transactions (payment, refund, cash-deposit, cash-withdrawal). This by only entering the amount and bumping the phones back-to-back paying by NFC or by the customer’s payment App reading the QR code from the merchant’s App
Why are we a good fit for You?
1. Our payments platform works without Internet at user smartphone when paying, through our Sharing Internet patent.
2. One payment requires 2 encrypted transactions to match (by end-user & by merchant)
3. ALL payment transactions to a merchant art performed by authenticating the customer account holder identity through the paying App, as anti-fraud measure.
4. Our soft-POS (payment APP/SDK) supports: instant payments, refunds BUT importantly it supports cash deposit & cash withdrawal, effectively turning each Merchant into a virtual ATM, with our soft-POS platform.
