Honeywell Smart Pay. enables point-of-sale payments in retail, delivery, transit and other businesses to expand billing capacity, increase top-line revenue, serve customers more efficiently and help reduce operating costs.
CHARLOTTE, NC, in 2022 November 1 /PRNewswire/ — Honeywell (Nasdaq: HON) today announced the release of Honeywell Smart Pay, a contactless software payment solution that enables powerful enterprise mobile computers to become secure and compliant payment terminals that accept contactless mobile payments from any business where they sell or deliver goods and services.
Honeywell Smart Pay empowers sellers and service workers to make point-of-sale payments in retail, delivery, public transportation and other businesses where mobile payments are available.
With a basic chip-enabled credit card or mobile phone with contactless payment, every employee with a Honeywell mobile computer, including the award-winning CT30 XP and CT40 XP, can accept payments from the consumer in the field or in the store, improving productivity. overall customer experience and seamless transaction experience by increasing the security and flexibility of payment options.
“A smooth check-out and specialized customer service can help build loyal customers and make lasting impressions,” he said. Taylor Smith, Chief Technology Officer of Honeywell Productivity Solutions and Services. “We built Honeywell Smart Pay to help merchants make purchases faster, easier and safer, which will improve the customer experience.”
More and more people are using cards and digital wallets to make in-store purchases instead of cash. The Federal Reserve Board noted that in 2021 only one in five consumers chose to pay in cash for personal payments. Sales force1 It was recently reported that 83% of consumers have already used contactless payments, and 65% of customers plan to use contactless payments more in the next three years.
For the merchant, traditional mobile point-of-sale (mPOS) add-ons mounted on a mobile PC continue to cost card reader hardware, payment processing encryption keys, which together compete with the price of a mobile PC. alone, almost doubling the total upfront cost of mobile payment. Smart Pay software at the point of sale eliminates these additional costs and the mass and weight of accessories while preserving customer data.
The software solution was developed in partnership with leading payment software and consulting provider Amadis, whose software has been installed on more than 40 million mobile devices worldwide.
“Honeywell Smart Pay combines sophisticated secure code and anti-counterfeit technology with Amadis’ proven card processing and security software to provide a secure payment acceptance service solution,” said Emmanuel Haydont, CEO and co-founder of Amadis. “This technology in software emulates the physical secure platform and tamper detection used in traditional payment terminals to maintain the high level of security compliance required by payment networks to ensure secure retail payments.”
Honeywell Smart Pay supports major credit cards, which account for more than 85% of global transactions, and by 2023 additional regional card brands will appear.
Honeywell Productivity Solutions and Services develops and implements an innovative range of solutions, software and services that help keep workers and workplaces safe and productive, and supply chains and assets more efficient, accurate and reliable. For more information, visit sps.honeywell.com.
Honeywell Safety and Productivity Solutions (SPS) provides products, software and connected solutions that improve productivity, workplace safety and asset performance for our customers around the world. We deliver on this promise with industry-leading mobile devices, software, cloud and automation solutions, the widest range of personal protective equipment and gas detection technologies, and custom-designed sensors, switches and controls. For more information, visit: sps.honeywell.com.
Honeywell (www.honeywell.com) provides industry-specific solutions that include aerospace products and services; building and industrial management technologies; and performance materials worldwide. Our technologies help aircraft, buildings, manufacturing plants, supply chains and workers become more connected to make our world smarter, safer and more sustainable. For more news and information about Honeywell, visit www.honeywell.com/newsroom.
1 Salesforce, Inc., Signed-in User Status 5th permission, in 2022 May 11.