Honeywell has announced the release of Honeywell Smart Pay, a contactless software payment solution, thereby enabling on-the-spot payments in retail.
Honeywell Smart Pay enables the company’s powerful mobile computers to become secure and compliant payment terminals, accepting contactless mobile payments from anywhere a business sells or delivers goods and services
The payment solution gives sales associates and service employees the power to finalise payments on-the-spot in retail, parcel delivery, public transportation services and other businesses where mobile payment can be used.
It allows businesses to expand their payment capacity, increase top-line revenue, more effectively serve customers and help minimise operating costs.
With a major chip-enabled credit card or contactless payment-enabled mobile phone, any employee with a Honeywell mobile computer, including the award-winning CT30 XP and CT40 XP, can accept payments from a consumer either out in the field or in-store, improving the overall customer experience and providing a seamless transactional experience with increased security and flexibility of payment options.
Taylor Smith, chief technology officer of Honeywell Productivity Solutions and Services, said: “Effortless check-out and the delivery of specialized customer service can help create loyal customers and make lasting impressions,” reports Zawya.
“We designed Honeywell Smart Pay with the goal of helping merchants make consumer purchasing faster, easier and secure – making the customer experience better.”
More people are using cards and digital wallets to make purchases in store instead of using cash. The Federal Reserve Board noted that in 2021, only one in five consumers preferred to pay with cash for in-person payments.
Salesforce reported that 83 per cent of consumers have already used contactless payments, and 65 per cent of customers plan to use contactless payments more in the next three years in a report released earlier this year.
For a merchant, traditional mobile point of sale (mPOS) accessories that mount on a mobile computer come with a recurring lifetime cost for hardware for card readers, costs for encryption keys for payment processing which, when combined, rival the cost of the mobile computer alone, nearly doubling the total upfront cost for mobile payment. Smart Pay software point of sale eliminates these added costs as well as the bulk and weight of the accessories whilst keeping customer data secure.
The software solution was designed in collaboration with leading payment software and consulting provider Amadis, whose software has been deployed in more than 40 million mobile devices globally.
Emmanuel Haydont, CEO and co-founder of Amadis, said: “Honeywell Smart Pay incorporates sophisticated secure code and anti-tampering technology with Amadis’ proven card processing and security software essentials, providing a secure payment acceptance services solution,” reports Zawya.
“This technology emulates in software the physical secure platform and tamper detection employed on traditional payment terminals to maintain the high level of security compliance demanded by payment networks to assure safe retail payments.”
Honeywell Smart Pay supports major credit cards representing more than 85 per cent of global transaction volume, with additional regional card brands to come in 2023.
Honeywell Productivity Solutions and Services develops and deploys an innovative range of connected solutions in e-commerce, products, software, and services that help keep workers and workplaces safer, improve productivity, and make supply chains and assets more efficient, accurate, and reliable.
