Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead of it's own hardware. Interested to know why.
PIN on Glass is the endgame here, where any mobile device can effectively become a full featured payment terminal.
From experience there's still a large mental barrier from folks willing to process a payment on an individual's mobile device though. Some degree of separate physical widget provides more trust to the transaction.
/edit
Neat, it looks like the company I used to work for finally released their offering to the market.
The most common scenario in which I've made NFC payments to non-fixed points of sale is with street market stalls. Food trucks and the like.
There, vendors would prefer to have a cheap NFC terminal to take card payments than have to leave a much more expensive phone within public reach to take payments. Opportunistic thieves wouldn't find much value in an NFC terminal even if it isn't very cheap.
According to the video, it is end to end encrypted. So I could see it easier on PCI compliance if my phone never actually gets unencrypted credit card numbers.
From experience there's still a large mental barrier from folks willing to process a payment on an individual's mobile device though. Some degree of separate physical widget provides more trust to the transaction.
/edit
Neat, it looks like the company I used to work for finally released their offering to the market.
https://markets.businessinsider.com/news/stocks/dojo-becomes...