Point of sale system and method for contactless payment

Abstract

The present disclosure relates to a point of sale [POS] system (1 ) for contactless payment of products, comprising a payment processing unit (10) for facilitating electronic payment of products basedon payment-facilitating information received from a portable payment device (30), such as a contactless card. The payment processing unit (10) is connected to a plurality of antennas (20a-20d), eachassociated with a respective product and each configured to read payment-facilitating information from a portable payment device (30) when the portable payment device is brought in the vicinity of theantenna. The payment processing unit (10) is configured to, upon reading of payment-facilitating information by any of the antennas (20a- 20d), receive the payment-facilitating information and identify a product to be paid for based on which of the plurality of antennas (20a-20d) read the payment-facilitating information, and to facilitate a financial transaction comprising payment of the identified product using the payment-facilitating information.

Description

Technical field [0001] The present disclosure generally relates to the field of electronic payment, and more specifically, to a point of sale (POS) system for contactless payment of products. Background technique [0002] Point-of-sale (POS) systems may include computers, monitors, cash drawers, receipt printers, customer displays, barcode scanners, and mobile wallets used to access portable payment devices (such as credit cards or electronic communication devices (such as mobile phones)) One or more readers that read payment-facilitating information. A computer that processes payment convenience information and facilitates payment of products to be paid is sometimes called a payment processing unit, or POS terminal. In order to facilitate payment, most POS terminals are connected to a back-end payment system, which usually includes a payment gateway, a payment processor, a credit card network, an acquiring bank, and an issuing bank. [0003] Most POS terminals include a card rea...

AI Technical Summary

Problems solved by technology

[0007] However, the tap area located on the POS terminal may be difficult to reach by the user of the portable payment device

[0008] Furthermore, in addition to making the payment process slightly more convenient for the customer by allowing the payment card to be tapped against the card reader of the POS terminal instead of being swiped or inserted into the card reader, existing methods for contactless payment POS terminals do not really make the process of purchasing or paying for goods or services more efficient than traditional POS terminals for contact payments

[0009] Especially at points of sale where the user is offered a rather limited choice of products, such as in fast food restaurants or at vending machines, traditional methods of ordering and paying for products are often inconvenient and time-consuming

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