Fintech firm ToneTag uses sound waves to transfer money
Making payments is soon going to become even easier as you may not need a smartphone for the purpose. A basic feature phone will do.
ToneTag, a Bengaluru-based financial technology company, is set to introduce sound-based data transfer technology that had already been picked up by the likes of MasterCard and Infosys, one of the top three core banking solution providers in the world.
“ToneTag is a technology which is a communication protocol that will enable data transfer using sound waves,” Kumar Abhishek, CEO and co-founder, ToneTag, explained in an interview. “Where it becomes super interesting is that although we have several ways to transfer data like Bluetooth and Wi-fi and when we come to specific verticals like payments, we have NFC and QR, these are all hardware dependent.
“For example, both communicating devices need to have Bluetooth,” he said. “But for ToneTag, a software update can convert the sound around us and the sound that a mobile phone can generate and do a data transfer. There is no hardware dependency.”
Read More
T.C.A. Sharad Raghavan
The Hindu
NEW DELHI, MAY 20, 2018 20:27 IST
FROM THE WEB
Sports Gambling’s Next Hurdle Is Credit Cards After Court Ruling
Bloomberg
May 18, 2018, 8:51 PM GMT+5:30
Capital One is using Foursquare to push offers to customers
TEARSHEET
MAY 17, 2018
No, the end of credit card signatures is not good for consumers
South Bend Tribune
17 May, 2018
PayPal in advanced talks to buy payments group iZettle
Sky News
Thursday 17 May 2018
Jack Dorsey joined a company hackathon to get bitcoin in Square
Quartz
May 17, 2018
Credit card payments evolve beyond the mobile wallet
National Post
May 17, 2018 10:19 AM EDT
FROM THE TUBE
PayPal CEO & Jim Cramer Talk China, Diversity, Alexa and More!
TheStreet: Investing Strategies
Published on May 7, 2018
Wells Fargo Reimagines Mobile Experience with ‘Pay with Wells Fargo’
Wells Fargo
Published on May 10, 2018
Counting the cost of going cashless
Financial Times
Published on May 10, 2018
Technology insights from Day 2
NRF Expo 2018 | Retail Assist Vlog
Retail Assist
Published on Jan 17, 2018
Technology insights from NRF Expo 2018 |
Retail Assist Vlog
Retail Assist
Published on Jan 16, 2018
NRF 2018: Fireside Chat with
PaymentSource’s Daniel Wolfe
Verifone
Published on Jan 25, 2018