We are living in a world where people are looking for speed, convenience, and value. The financial sector has several convenient, easy and secure payment solutions that fit different lifestyles. Pluxee leads the way by offering some of the solutions explained below.
Secure Debit and Credit Cards
Despite being around for years, credit and debit cards are some of the most convenient ways to transact in-store and online today. They can be integrated into other payment providers like e-wallets, bank accounts and individual money transfer methods. The updated SIM and PIN technology makes it hard for individuals to steal your money and data.
The Pluxee card offers all these benefits and allows all its users to pay at any Visa-accepted store worldwide. To add the icing to the cake, it works with over 80 retailers who offer up to 15% cashback for paying with the card. At the store, you just need to authorise the payment via the app and the virtual card does the rest.
Contactless Payments Solutions
Contactless payment solutions make use of Quick Response (QR) codes and near-field communication (NFC) technology. They enable seamless transactions without any physical contact with the other party. With QR codes, you just need to scan a code at your payment station and the cash is transferred. Near-field technology may involve tapping or bringing your device close to the payment solution.
Both methods are quite fast and secure in that you do not share your financial data. You can use them across various outlets in the UK, including ticketing, transport, restaurants and retail stores.
Use of Apps and e-Vouchers
eVouchers are digital value vouchers that users can spend on specific stores. All the user needs to do is present the e-voucher at the payment stand and the value of the voucher is used to pay for their purchase. eVouchers are popular at gift stores and online reward systems.
On the other hand, many organizations have apps connected to payment APIs and systems where users just complete their purchases. They just need to install the app and pay online or in-store. Pluxee e-vouchers are easy to use, available in over 130,000 locations and come with a convenient app for payment management.
Payments in Tokens
The onset of blockchain technology has brought about the creation of decentralized payment options in the market. Tokens are built using Distributed ledger technology before being available for exchange. Users can use tokens to present cash, loyalty points, cryptocurrencies or ownership of physical assets.
One advantage of the token system is that it eliminates a central intermediary and the costs associated with the service. It also replaces the sensitive payment data with a code that is verifiable using an algorithm. This results in quick, cheap and secure payments or stores of value.
Use of Biometrics in Payment Systems
Biometric payment solutions use unique behavioural or physical traits of the users to authorize transactions. Such traits may include facial and voice recognition and fingerprints. They add an additional layer of security such that only the authorised service user can initiate the payment.
Most payment solutions that use mobile devices have integrated biometrics into their systems to speed up authentication and payment completion. For example, you may just need to use a fingerprint on your payment app at the stores to complete a transaction, which is unique and quick.
Next-Gen Payments are the Future of Transactions
As the world evolves, we expect to find more convenient and secure payment solutions available to users around the globe. Financial providers and organisations can then customise the solutions as per their needs and target market. Pluxee has done so and provided innovative solutions to users across the globe.
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