Home Cases Fintech Moments NFC

Moments NFC

Providing contactless payment in pubs across the US
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Technologies

Ruby, Swift, Kotlin

Industry

Fintech

Engagement Model

Custom Software Development

Platform

iOS, Android

Team

5 members

Timeline

1 year

About the project

The idea to provide contactless payment in pubs across the US came up with an advanced mobile solution, letting bar guests enjoy a perfect nightlife. With this option, they would not have to carry a purse!
The project provides the following solutions:
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Challenges to overcome

Too much time is spent on payment processing. A pub is a place where you’ve got to serve guests as quickly as possible. Otherwise, they would lose their vigor: the average transaction time could last for 4 minutes! That lags in the process of payment may affect and slow down a bartender’s work.

There is no employee and payment unified control system. For better business control, executives should have a place to store all the information about the employees, income, and so on.

Ensure payment security. Bar customers should have a spending limit (for example, to spend no more than 100 dollars overnight). Besides, the security of the final product had to prevent copying the bracelets and hijacking the payment data

Our work

Prior to implementing the payment acquiring functionality, we’ve conducted a detailed research and analysis of market solutions along with their security level. NFC Moments app allows making a payment with your wristband and cut the transaction time by 40 times! Being more specific, the transaction time takes less than 10 seconds
We have implemented a web dashboard for pub owners to keep there the information related to their business. Using the dashboard, they can easily check and stay tuned about the profitability of their pubs. Besides, it’s the place where all the information about the employees, income, and so on is stored.

What made the business succeed

Our team developed a fast and intuitive mobile application that allows users to save their time and make their night-outs less stressful. The app also helps bar owners improve their service level providing customers with a futuristic experience.
Using NFC Moments, you can forget about endless queues in pubs as well as annoying and time-consuming payment transactions.
Imagine a world where paying for purchases and buying drinks can be easy as a touch. Oh, wait, it already exists!

Frequently Asked Questions

What are NFC payments?

NFC payments are contactless transactions that use Near Field Communication (NFC) technology to exchange payment data over a short distance. A customer simply taps an NFC-enabled device or wristband against a compatible payment terminal to authorize a purchase, providing a fast and convenient alternative to cash or physical cards.

NFC wristband payments begin by linking the wristband to a user's payment profile or account. During checkout, the customer taps the wristband on a compatible payment terminal, which securely verifies the payment credentials and authorizes the transaction. Once approved, the payment is processed and the purchase is completed within seconds.

An NFC payment platform should include user account management, payment processing, product and pricing management, commission settings, payout management, spending limits, and transaction history. An administrative dashboard, reporting tools, and secure payment management help businesses monitor operations and manage multiple locations efficiently.

Contactless NFC payments help bars and restaurants serve customers more quickly by reducing checkout times and minimizing queues. Faster transactions improve the customer experience, while centralized payment management and real-time reporting give businesses greater visibility into sales, transactions, and operational performance.

NFC payments use security measures such as encryption or tokenization to protect payment information during transactions. Additional safeguards, including authentication, spending limits, and access controls, help reduce the risk of unauthorized use. Combined with secure payment infrastructure, these features support safer contactless payment experiences without exposing sensitive card data.

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