A secure checkout App used by consumers to ‘Tap and Pay’ for eCommerce transactions on their own phone.
Tap on Phone has previously been implemented for face-to-face sales where the App is running on the merchant’s device. Halo.Pay is an innovative and new way of using Tap on Phone.
Halo.Pay is an App that a consumer installs on their own phone and they may then use the App to pay for online ecommerce transactions from the comfort of their home/location.
When doing your checkout on the ecommerce site, a unique and secure QR code will be displayed on the site. The customer would then use the Halo.Pay app to scan the QR code. This triggers a Tap on Phone request on the customers device and they would then tap their payment card on their own device. The transaction is processed and we then notify the ecommerce site that the transaction was successful.
Yes, this is in fact a far more secure way to pay online. The card transaction takes place on a secure commutation link between the customers phone and the bank, no payment details are shared with the ecommerce site at all. The ecommerce site simply gets notified of the payment outcome. This means the consumers’ card details are protected at all times and there is no risk of any card details being leaked over the public internet. There is end-to-end encryption of payment details, meaning the details are only readable by the consumer and the bank where payment is made.
As a customer, you are in control of your card data at all times and no sensitive information is typed into any insecure websites. This reduces exposure to fraud and ensures you are protected.