With the proliferation of Internet, mobile devices and social media, businesses and consumers are finding out new ways which will allow them to use such latest technologies and devices to speed up collections, cut costs, grow revenue and mitigate risks. If you wish to be ahead of the game, iRESLab can be your partner to offer you services in the areas of payment gateways, mobile payment strategies, use of smartphones and tablets as payment acceptance devices, Point-of-Sale (POS) terminals with contactless readers, NFC payment and acceptance, Smartcard application development and design and prepaid and loyalty app design.
iRESlab has proven expertise in delivering custom solutions in the following areas:
Mobile Payments
Mobile payment is set to the game changer and is touted as the future of shopping. Consumers are increasingly relying on mobile devices for majority of day-to-day activities and have now started looking at mobile payments as an easy-to-use and flexible payment option.
Mobile point-of-sale (mPOS) is rapidly evolving and will soon make mobile payment a preferred consumer payment option.
We offer deep expertise in mobile wallet application development to assist you in defining and implementing a solid and profitable mobile payment strategy.
Digital Cash
If you wish to offer the advantage of anonymity in making cash payments to your consumers, Digital Cash is the option. Earlier, many different protocols governing the transaction was a barrier for adoption, but it no longer exists.
Our expert team possess in-depth and practical knowledge of integrating digital cash into your business model.
NFC and HCE
Cutting-edge technologies like Near-field communication (NFC) and Host-based card emulation (HCE) drive mobile payment applications. NFC is the set of standards for a mobile device communicating with another device in close proximity to it (usually within centimeters).
HCE makes use of NFC to perform secure payment transactions for a variety of e-cards, including credit and debit cards as well as loyalty cards and custom cards such as transit (e.g., bus, subway, etc.).
Individuals can simply tap their smartphone device to initiate a mobile payment application that communicates with a reader terminal in close proximity to the device to complete the transaction.
We have delivered several solutions based on NFC and HCE technologies.
Prepaid and Loyalty
Prepaid and loyalty are specialized and customized mobile transaction applications. All the nuances of Loyalty Programs such as – pre-transaction rewords which are offered based on previous usage, post-transaction rewords offered based on retailer’s objective for its subscriber, initial value assignment to prepaid cards and replenishing the card value as it expires – require a specialized application and business expertise.
Like all mobile payment transaction technologies, security is also an important component in its acceptance and use.
We have worked with a broad spectrum of retailers and helped them in developing a profitable prepaid and loyalty program.
Mobile Commerce
If you wish you establish Mobile Commerce as part of your business strategy, you need to think of the complete ecosystem – the baseline hardware, system protocols to the end-user application and everything in between.
We have worked with several businesses to help them strategize and implement mobile commerce strategy to take their business to the next level.
Payment Gateway
In today’s time and age when a big chunk of purchases are happening online, you need to have a tight integration of Payment Gateway in your business. The need of Payment Gateway is very personalized based on how your business accepts and processes varied number of electronic transactions such as credit cards, checks, digital cash, etc.
iRESlab offers you the expertise to develop the right solution that is tailor made for your business and your consumers.
Smart Wallet
The emerging concept of ‘Smart Wallet’ maintained on the smartphones and tablet devices offers interesting opportunities to retailers to significantly drive revenue. Understanding how best to apply card (loyalty, gift, credit, etc.) promotions to drive “e-card” use in a secure and easy-to-use manner is an acknowledged revenue driver for merchants and retailers.
iRESlab can be your technology partner to help you define and implement the optimal Smart Wallet offering for your business.
Security
Security is at the forefront of any payment related solution – and we understand it. iRESlab has specialized expertise in two important areas like PCI and EMV.
- PCI – Peripheral Component Interconnect (PCI) defines how hardware devices attach to each other within a computer or system.
- EMV – Europay, MasterCard and Visa (EMV) is the global standard for authenticating credit and debit card transactions across the payment gateway.
iRESlab is well-versed in these standards and developing secure solutions on top of each to support your Mobile Commerce needs.