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With Payment, banks will be able to expand their reach to any merchant without changing the backbone of their currently deployed infrastructure. Some immediate advantages for banks:
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Ensuring a card present transaction with the added transaction security of a specific phone number being linked to a card |
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Creating an anywhere, anytime payment solution to drive significant transactions through issued credit/debit cards |
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Enormous cost savings in incremental acquisition of smaller merchants, since expensive POS infrastructure is not required |
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