We live in a world where ease and speed are expected - our impatience grows stronger every day. This doesn’t stem from a sense of entitlement but is a product of constant evolution and innovation. This applies especially to making payments.
Halo Dot is a ‘game-changer, sale maker’ that makes contactless card payments more accessible, faster and more secure than ever.
Craig Leppan and Pierre Aurel recently sat down with Matt Brown to discuss Halo Dot’s purpose and how it is the future of seamless cardless payments. Here is the Halo Dot lowdown.
Similar to how we now take photos and make calculations with our mobile phones, Halo Dot is revolutionising contactless cardless payments in the same way. The bulky, payment speedpoint terminals we know have been dematerialised and digitised, and now sit comfortably in our phones.
This technology is especially beneficial to SMME’s (small, medium and micro enterprises).
Traditional speedpoints are expensive, with a complicated onboarding process. For small businesses, a system like this is a hindrance to success. Halo Dot removes this barrier by offering Tap on Phone technology. This allows for more players to be paid faster and securely.
Imagine you’re a small business owner and you have the chance to sell your products at a market. Instead of scrambling for a speedpoint, or the inconvenience of dealing with cash, you can simply download the app and start accepting payments.
In short, yes. The sole purpose of Halo Dot is to secure that card transaction. You have all the security capabilities of terminal hardware, but it now sits on your phone. You also have access to extensive software that you can build on to that foundational hardware for more robust security.
When you tap to pay, the payment details are captured on a separate device, which is much harder for a hacker to intercept or crack. The safety software that Halo Dot has imbedded in the app works in partnership with the security elements on your device, like Keystore, which generates strong encryption keys for hardware.
What’s important to remember is that security needs maintenance. Halo Dot continuously builds layers and security mechanisms to protect the software and your payments.
We understand the confusion, but Halo Dot is very different to Apple Pay. While Apple Pay is on the issuing side, Halo Dot is on the acceptance side. The similarity is that both apps use the same technology - the NFC (near field communication) reader on the device is the same type of technology that Halo Dot uses to accept card payments. Simply put, Halo Dot is taking the payment from Apple Pay. Same technology, but different purposes.
Halo Dot has established a new inclusive world of possibilities for quick, easy and secure contactless card payments, especially for SMME’s and their consumers.
The app is available on Android, with iOS soon to come. Need to know more? Let’s chat.