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Showing posts with the label Debit card EMI eligibility

NFC Impact on Our Lives

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You can already do a lot with your mobile phone—play games, surf the Internet, watch TV shows. Now with NFC on mobile you can make payments without a wallet or credit card. Just tap your phone to pay! It's convenient, easy to use, and works with more than just payment systems. Plus, it's more secure than using a credit card. Welcome to the world of NFC in mobile . NFC payments, or near field communications (NFC), is a payment process involving the transfer of data via radio waves. NFC payments are generally more secure than credit cards, and can be used on different machines like smart phones, tablets and devices across retail outlets. SIBYO has launched Mifare Plus IC Card with NTAG203, which works with NFC in mobile payments and offers more flexibility in encryption capacity.       Having a wallet is a hassle, and having a smartphone is convenient, but it's even easier to use NFC-enabled payment systems with Smartwatches. Samsung SM-R760 NFC, or Near Field Communicati...

Top Factors Affecting Debit Card EMI Eligibility

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Top Factors Affecting Debit Card EMI Eligibility The Debit Card EMI is a new EMI method using which consumers can avail EMI on their debit cards. Consumers utilising this method on merchant POS don't need to have the entire amount of the product in their accounts at the time of the transaction.  In addition, such consumers are free to use the existing funds in their bank accounts. By using their bank's pre-approved overdraft facility, they will have their EMI amounts automatically deducted every month from their account, making it simple and completely hassle-free   Let us look into some of the factors that affect debit card EMI eligibility:  Your phone number should be linked to your bank account: Debit card EMI eligibility is determined by the card number and registered phone number. Because of this, consumers should always use the phone number registered with the bank when making a payment. Your account should have sufficient funds: Most banks do not require custome...