Sentences with phrase «mobile payment solution takes»

The company's mobile payment solution takes a two - pronged approach by combining a near - field communication (NFC) chip with the magnetic secure - transmission technology it acquired from LoopPay to transmit payment information between your device and a point - of - sale terminal.

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In a new interview with CoinDesk, senior vice president of First Data Prepaid Solutions Mark Putman has addressed these concerns, confirming that, though the focus of the acquisition was Gyft's mobile gift card platform, the company intends to take advantage of Gyft's position in the bitcoin space to further its knowledge of emerging payment methods.