Tap based mobile to mobile payment SDK for a fintech service provider
Tap based Payment UX
The OpenPayment SDK gives remarkable usability to your users. By tapping the payer’s and the payee’s smartphones together, it initiates a payment transaction. It makes your app work like an RFID or NFC card between the payer’s and payee’s smartphones.
Secure Beacon based
Payee Auto Verification
The OpenPayment SDK allows the your payer’s app to verify the authenticity of the payee before starting a payment. When the payer launches their payment app, it recognizes the Payee’s ID and OTP code (which changes every 60 seconds) in the Bluetooth beacon signal and verifies the payee’s credential information. It then shows the payee’s meta information to the payer’s smartphone automatically.
Payer Biometric Authentication
The OpenPayment SDK also provides the FIDO Alliance Certified Biometric authentication technology to fintech service providers for verifying the payer’s authenticity using their smartphone.
OpenPayment SDK Flow
If you apply the Card library in the OpenPayment SDK on your payer’s app and the terminal library on your payee’s app, the payer’s mobile phone will be able to recognize the payee’s signal automatically. When the payer’s mobile app recognizes the payee’s signal, it resends the payee’s ID and authentication code to the payment service server and gets back the payee’s information.
After receiving the payee’s information on the payer’s mobile, the payer can verify the payee’s information and then make a payment by tapping their smartphone to the payee’s smartphone. When you create your payment app with the OpenPayment SDK, you can choose a type of payment transaction, which is a merchant or customer initiated transaction. Besides verifying the payee’s information and initiating a payment by tapping, your payment service can authenticate the payer with the OpenPayment SDK including the FIDO based biometric technology.
Who and why needs it?