Australian-owned technology provider, Quest has received approval for its Tap-to-Phone payments solution, Airpay TAP, from payments regulator Australian Payments Network (AusPayNet), following its launch in October 2020.
The Tap-to-Phone with PIN solution developed by Quest is the first of its kind to be made available in Australia. Airpay TAP allows merchants to accept contactless card payments via an app on NFC-enabled Android devices from brands including Samsung, Google, LG, HTC, Sony, Huawei, XiaoMi and OnePlus.
The solution functions in the same way a traditional payment terminal operates with high value transactions being processed securely using a PIN as verification and has been approved by all major payment schemes after an assessment of security, integrity and network interoperability.
Quest CEO Jan Mason said she was thrilled to have received AusPayNet’s approval for Airpay TAP following a successful trial of the technology by NAB and Visa in 2019.
“I am immensely proud of our in-house Innovation team who have once again developed world leading home-grown technology that has the ability to significantly improve the day-to-day operations of businesses of all sizes. This solution facilitates fast, flexible and convenient payments processing Australian consumers are after,” she said.
“Quest has gone to great lengths to provide a level of security on par with that of a traditional payment terminal, enabling protection at all points through the transaction process, while also ensuring the mobile device maintains a constant level of integrity.
“AusPayNet’s evaluation process is globally renowned and respected, and to receive this approval is a strong endorsement of the design and in-built security of Airpay TAP.”