Business
OLB Group Simplifies Contactless Payments with Dynamic QR-Code Support
Customers can use mobile phones to scan a transaction-specific QR-code to complete a contactless PoS transaction NEW YORK--(BUSINESS WIRE)-- The OLB Group,
About this update from The Olb Group, Inc.
[{"type":"text","content":"\nCustomers can use mobile phones to scan a transaction-specific QR-code to complete a contactless PoS transaction\n\n NEW YORK--(BUSINESS WIRE)--\nThe OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small and mid-size merchants, announced that merchants utilizing its OmniSoft™ cloud-based business management platform or SecurePay™ Payment Gateway can now offer customers an additional contactless payment option at the PoS using transaction-specific QR-codes. The feature is available to OLB merchants immediately.\n\nThe dynamic QR-code displayed at the PoS represents a unique payment record complete with all necessary transaction details. Merchants utilizing OLB’s QR-code services can select acceptable funding sources including Apple Pay® and Google Pay®, multiple cryptocurrency wallets, and other digital payment applications. All services are available through standard PoS terminals and platforms supported by OLB’s SecurePay Payment Gateway.\n\n“Contactless transactions have become increasingly popular with consumers and merchants alike during the pandemic, and OLB is pleased to extend these seamless and convenient payment options at the PoS,” said Ronny Yakov, chief executive officer at OLB. “This solution provides the safe and secure experience that consumers demand, while giving merchants a cost-effective vehicle to satisfy a growing demand.\n\nIn addition to QR code support, OLB facilitates contactless Near Field Communication (NFC) transactions utilizing NFC-enabled cards and mobile devices at PoS terminals equipped with NFC readers. All transaction and payment details are encrypted and secured throughout the process.\n\n“One of our primary goals is to deliver timely and relevant features that will enable merchants to satisfy customer preferences and maintain a competitive edge,” continued Yakov. “The QR code support is the perfect illustration of this philosophy. It demonstrates how OLB is always looking to leverage established and new technology to create functionality that will serve the needs of every participant in the ecommerce universe.”\n\nMerchants interested in implementing omnicommerce services or adding QR-code support can set up an account at https://cardaccept.com/#contact.\n\nFor more information about The OLB Group, please visit www.olb.com or www.ol...