An article from Hi-Tech Chronicle discusses PSI Pay and its increasing popularity in the market. These contactless payments make checking out a breeze and the UK is taking notice. The article mentions that contactless payments have been on the market for over a decade and now one third of the UK make their payments this way. PSI Pay and its affiliate, Kerv Wearables, have released the very first contactless payment ring to the market. This will make checking out even faster and easier. The ease and efficiency of this payment ring could even come to overtake traditional transactions as a leader in the marketplace.
So many consumers are jumping on the cash-free bandwagon that it is projected that this contactless payment system will eventually exceed cash use altogether. The article discusses contactless payment more in depth and mentions that PSI Pay uses this system in the form of debit and credit cards as a form of payment. PSI Pay’s affiliate, Kerv, has designed payments to be even easier with this special payment ring. The ring is made to be very durable, comes in twelve different sizes, and is designed for male and females.
The article then goes on to mention that Psi Pay and Kerv partnered up together to get this ring out into the global market. This contactless payment works by the consumer tapping his ring to a point-of-sale terminal. These payments are made secure through RFID technology. The rings are all linked to a card so that the consumer can make larger purchases or purchase items online or over the phone as well.
The article discusses how PSI Pay is a leader in contactless payment. The company has serviced local and international businesses since 2007. PSI Pay prepaid accounts are now usable all over the world in over 170 nations.
PSI Pay has been a Principle Member of MasterCard since 2009 and has even been able to offer direct Mastercard services all over the European Union. This allows PSI Pay to issue prepaid, debit, or virtual cards to consumers throughout the world for the past decade.
Business is only increasing for PSI Pay, with their new efforts only propelling their leadership in the marketplace even further.