Through this system, consumers can purchase and install NFC capable SIM cards that allow them to use their mobile phones for electronic payment at NFC/contactless acceptance devices in merchant locations.
VeriFone has supplied 10,000 NFC-capable devices to Garanti for merchant use.
Recently, Garanti bank and Turkish mobile network operator Avea have completed the pilot phase and moved to general commercial availability of their system to adapt existing mobile phones for NFC payments.
VeriFone South East Europe vice president and general manager Soner Casur said that the merchant/consumer interface is crucial to success of NFC mobile payment adoption and VeriFone is thrilled to provide key payment acceptance solutions that make it easy to transition to this new era of mobile payments.
VeriFone is one of the main suppliers of payment solutions to Garanti, with more than 150,000 systems implemented throughout Turkey.
For NFC mobile payments, VeriFone’s PINpad 1000SE currently provide merchants and consumers with a field-ready solution for implementation of mobile payments.
VeriFone systems have been in use for Garanti’s existing Bonus Trink contactless payment system, which has provided bank customers with the ability to make payments using a credit card, key fob, watch or the Bonus Trink contactless sticker.
With the new add-on SIM card with antenna from Gemalto and Garanti pre-paid MasterCard PayPass that is loaded in the SIM manufacturing stage, consumers can immediately adapt existing and new mobiles for NFC mobile payments.
