Title: John_33 (193) - PowerPoint PPT Presentation

Description: Proximity mobile payment is a payment done for goods and services with a mobile phone at a physical point-of-sale (POS) terminal. This method of payment is initiated from a mobile phone that uses Near Field Communication (NFC) technology. In this credit or debit card data is stored in the phone inside a secure element, a special chip designed specifically to ensure the security and privacy of personal and financial information. It helps to eliminate the barrier by allowing retailers to send real-time feedback to the consumer, such as gifting loyalty points, sending personalized messages and e-receipts or distributing coupons to their mobile device. – PowerPoint PPT presentation