Atlanta-based payments technology company InComm is launching two new service offerings, helping bring new contactless payment options to consumers and retailers.
With this proprietary technology, InComm is empowering its retail partners to embrace the shift towards card-less and contactless payments. In turn, retailers will be positioned to drive in-store traffic by offering their customers an end-to-end payments experience, from purchasing a prepaid card to spending and reloading it in the future.
MyVanilla Prepaid Mastercard, a general purpose reloadable (GPR) prepaid card, is now compatible with Fitbit Pay and Garmin Pay mobile wallet applications. Additionally, InComm is bringing near-field communication (NFC) capabilities to retailers in its payments network, which will enable stores to provide tap-to-reload options to consumers using their MyVanilla Card on mobile wallets.
“The payments industry is steadily moving toward a digital ecosystem, and we are ensuring both consumers and our retail partners are ready for this change,” said InComm Vice President of Emerging Technologies Michael Parlotto. “Bringing MyVanilla to Fitbit Pay and Garmin Pay allows consumers to quickly and confidently use their prepaid cards on the go. Moreover, our launch of tap-to-reload capabilities expands our suite of payment processing tools to include full lifecycle management of the mobile payments ecosystem, from provisioning capabilities to reload processing.”
Consumers can now make payments with their MyVanilla Prepaid Mastercard cards through compatible Fitbit and Garmin wearable devices and their respective mobile wallets.
To ensure secure payment transactions, MyVanilla card account information is never stored directly on the wearable device itself. Instead, device-specific tokens are generated to process transactions without exposing the user’s actual card number. This secure setup ensures MyVanilla consumers can confidently pay with their wearable devices in stores wherever Mastercard contactless payments are accepted.
InComm’s roll out of NFC capabilities to retailer point-of-sale (POS) systems will enable consumers to use cash to reload their MyVanilla Card with a simple tap of their mobile phone at the register.
NFC allows two devices to interact with each other when they are in close proximity.
The technology is typically associated with contactless payments conducted between retailer point-of-sale terminals and consumer mobile wallet smartphone applications. Through this capability, MyVanilla consumers who store their Card on a mobile wallet smartphone app can reload funds by tapping the POS terminal with their phone.
The result is a seamless experience for the consumer as the transaction is processed within seconds by retailers integrated with InComm’s payment network.