The newest Verizon Business tie-up with Mastercard will enable merchants to accept customer payments without the need for POS terminals. This is thanks to 5G smartphones and near-field communication (NFC) technology that will allow customers to make contactless payments using their phones. With this new service, Verizon business aims to offer an alternative in the market of contactless payment solutions which are currently dominated by Apple Pay and Google Wallet.
The Verizon Business tie-up with Mastercard aims to utilize near-field communication (NFC) technology for merchants to accept customer payments without the need for point-of-sale (POS) terminals. This is thanks to their new service, Verizon business OneTouch which enables customers and organizations using Android phones or tablets, Apple iPads and iPhones as well as Windows devices to make contactless payments via NFC. With this solution in place, the company plans on catering towards alternative payment methodologies such as those offered by other companies like Google and Apple who also offer mobile wallet solutions that enable transactions through Near Field Communication (NFC).
The New Verizon Business Tie-Up with Mastercard
The way Verizon has implemented Contactless Technology in their phones is quite amazing. Companies like:
are very interested in this new innovation coming from Verizon. It is so important that these companies support Verizon’s efforts. The biggest problem with the current credit cards is that many people do not carry a credit card. With Verizon’s new system the customer does not have to worry about losing money when they do not have a card.
Verizon MasterCard – easier paymants
The other problem with credit cards is that there is no way for a customer to know if they are maxing out or not. This will help both the company and the customer. The technology companies are trying to improve the systems and will eventually make it easier for customers to make payments. The companies will still need to work with Verizon to get all of the communications systems up and running. This may take a few years.
Verizon contactless cards for payments
If you go to your Verizon store today you can see how much they are pushing contactless technology. You will also be able to see a lot of the Verizon Prepaid cards already available there. These cards are similar to MasterCard and Discovery but are not as widely used. The Prepaid cards are a way for Verizon to continue to build its brand presence while being able to offer a service that everyone wants.
Verizon MasterCard: the benefits of the union
There are many ways that the contactless program works for Verizon. The first is that customers will no longer have to carry a card for many things. The reason for this is that everything will already be processed on the phone. For example, if you go to Verizon and buy a pizza, you will be able to pay using the phone. This eliminates the need for a credit card or any type of monthly bill.
Another way that the contactless technology companies are benefiting from the Verizon connection is with gas prices. Verizon has purchased gas stations across the country from places like Kansas City to Tampa Bay to allow for instant connection. Consumers will not have to wait to fill up their tanks anymore. It just makes good sense to go into a gas station that has a Verizon connection and pay the same price as everyone else. This is a very large benefit for the company and will lead to more sales and in turn a larger profit margin.
This system is not only benefiting Verizon. It is benefiting the entire country with the latest technology. There are millions of people who are still without a traditional telephone or Internet connection. These people can now make and receive calls right from their homes through the Verizon contactless system. This is a huge step forward in terms of technology and service.
When a person uses the Verizon contactless system, they will immediately feel the benefit because they will not have to worry about paying a bill every month for a phone line service. The company does not want to see people who do not take advantage of this service and this is why they are encouraging everyone to use the service. Those who do not want to have to worry about making a call every month will want to make sure they stay on top of Verizon and the products they offer so they do not miss out.
Everyone is a winner when it comes to using Verizon. They are benefiting not only themselves but the whole country as well. This type of technology is something that is not commonly used and the company is working hard to make it so everyone has access to this type of service. They do not take advantage of their customers and this is what makes them so successful. Everyone should take advantage of the services that are offered by the company.
Mike Lillard is a a Digital Marketing expert and enthusiast. He’s one of the best in Social media marketing and content development. He has more than 5+ years of experience in the realm. He is an avid practitioner of Social media Strategies, stay up to speed with the latest trends in the space, constantly seeking opportunities to improve and learn.