ISBC and NewPay: Service for contactless payment by smartphone of goods and services

The main articles are:

• Contactless NFC payments
• RFID (Radio Frequency IDidentification)

2022: Launch of a service for contactless payment of goods and services by a smartphone

Zelenograd manufacturer of RFID products ISBC and NewPay are a socio-financial network for small and medium-sized businesses, July 13, 2022 announced the launch of a product for SMB, which allows increasing the share of non-cash payments using the Fast Payment System (FPS) up to 80% and at the same time save on bank commissions and improve the quality of customer service.

The solution is a design plate for retail outlets, in which, in addition to the printed QR code, an NFC chip is built in, which allows you to pay for services or goods even faster in the usual way - through a smartphone.

"The fast payment system is already actively used by companies to pay for goods and services on the Internet. NewPay was one of the first to develop this technology offline, providing a simple and fast connection of small and medium-sized businesses to all the capabilities that the SBP gives, "said Ivan Bortnik, CEO of NewPay. - We see the interest of business and the demand for such technology among users. In the first 3 months after the introduction of NFC plates, the business received payments in the amount of more than 150 million rubles. Increase in the volume of payments from month to month + 50%. "

"ISBC has extensive experience in the production of RFID products with unique variable data and is able to produce from hundreds of thousands to several million plates per month, depending on the chosen production technology. We see great prospects in the development of contactless payment methods and are constantly looking for new solutions and approaches together with partners that will make the fast payment system more convenient, "said Andrey Eremenko, Director of the Banking Projects Department of ISBC.

Plates are produced at the ISBC plant in Zelenograd, where not only chip modules are embedded and an individual layout is printed, but also each product is encoded (assigning a unique URL to it, which, thanks to cryptography, protects against counterfeiting) and filled with a special, patented R&D laboratory ISBC, component that protects the layout from burnout, scratches and significantly extends the life of the product. Now users do not need to perform additional actions in the phone, open applications, camera, configure access to read QR codes, but just bring the smartphone to the sign and make payment, including leaving a tip.

An employee at the checkout simply chooses a payment method NewPay (SBP) and the client either scans the QR code with the phone camera or brings the phone to the plate and using NFC automatically goes to a page on the Internet with a branded payment screen, on which he sees the amount and can choose a bank for payment through SBP.