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MICROpay can be connected to any vending machine.
1. PayPass The major three credit card companies MasterCard, Visa and American Express In contrast to mag stripe transaction a PayPass credit card never leaves the owner’s hands - simply “Tap N Go”. Neither PIN code nor signature is required for micro-payments below $25. That makes PayPass so fast. 2. NFC (near field communication) Several 3. Mifare Mifare conforms to the international ISO 14443 RFID standard. Mifare is the most widely installed contactless smart card technology for closed environments. More than 500 million smart cards and more than 5 million reader components are in use globally. MICROTRONIC has a huge worldwide customer base using the existing MICROTRONIC Mifare solution which is especially designed for in-house vending. MICROpay fully incorporates the existing Mifare solution offering free drinks options, user group pricing, discounts, loyalty programs and more.
2007-05-10 |
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MICROTRONIC announced MICROpay – the new universal payment system for in-house vending and public vending. MICROpay accepts contactless PayPass credit and debit bank cards along with NFC cell phones and Mifare media. MICROpay can be connected to any vending machine. One system – universal payment options. During the NAMA Spring Expo in Las Vegas, Apr 12 – 13, 2007, MICROTRONIC was presenting MICROpay to experience the new way to pay cashless.
have defined a new worldwide standard to make credit and debit card payment safer and faster from the customer point of view. A contactless chip based on ISO 14443 is embedded in addition to the traditional magnetic stripe. MICROpay accepts media with this contactless chip. 
You just tap the bank card on the reader within a short range and communication will be established very fast.
This new user interface is a perfect solution for small purchases in vending. The same secure bank transaction processing is used in the background as today. Each mag stripe and PayPass transaction appears separately on the monthly settlement of the card issuer.
market studies prove that the cell phone is one of the most popular electronic gadgets in the worldwide consumer market. NFC cell phones are able to perform similar contactless micro-payments as PayPass. The same ISO 14443 standard underlies NFC and PayPass. MICROpay fully supports NFC applications, too. A fundamental advantage of NFC micro-payment is the user interaction: every purchase detail can be displayed on the cell phone. NFC cell phones can be used in a closed environment with an electronic purse to preload as well as in public vending with integrated PayPass features – just like a PayPass credit card.