NeelPro System Pvt. Ltd.

Payments can be made with a single wave at the PoS terminal. Contactless Payment uses Near Field Communication (NFC). Contact payment systems can be any smart cards, key fobs, debit cards, credit cards. These contactless payment cards are embedded with a chip and antenna that allows them to wave at the point of Sale terminal to verify the data and hence make the payment. NEAR FIELD COMMUNICATION (NFC) Near Field Communication is the technology that enables two electronic devices generally two portable devices or smartphones by bringing them within 4 cm (1.6 in) of each other. NFC is also used for social networking, for sharing contacts, photos, videos or files. Many smartphones have this technology inbuilt in them. NFC-enabled devices can act as electronic identity documents and keycards. NFC offers a low-speed connection with simple setup that can be used to bootstrap more capable wireless connection. NFC is originated from RFID that facilitates power supply and communicat...

Simplifying the terms, it would be services that enable the payment. Payment can be defined as trade of any benefit exchange for goods or services. A payment traces back its roots from the times of barter system where goods were exchanged in the lieu of money. Since then system of payment and its medium has been evolved with the growing civilization and then advanced technology. From barter, cash to now online real time exchange of money for goods and services, payment services have come a long way. NeelPro System provides a number of these advanced payment solutions to the payment and retail industries. The common means of any payment are money, debit or credit cards or bank transfers. This transfer of money requires proper channel. These channels are referred to as the payment services where electronic transaction of money is enabled in a secure way. Software is used as a service to connect the different institutions for transfer of the funds. There are different kinds of paym...