Tag Archives: Mobile payments;NFC;qr code;cloud;

New mobile payment technology hits the market


Alipay Sound Payment - Beijing SubwayAlthough this is technically not a new technology, it is one of the fist major uses of it as a phone – to – vendor payment system. Alipay implements ultrasonic wave communication to allow commutes in Beijing, China to buy tickets using their cellphone. First launched in 2011, startup Naratte’s Zoosh tech enables mobile payments over ultrasonic sound waves. The key differentiator in this technology is that most of today’s cellphones have the required capability, that is the ability to play MP3. With a minor addition on the collector or checkout side, this is one of the cheaper technologies to implement with a much wider population of capable phones.  This technology works as both payor and payee, so you can effectively use it like a “digital wallet” for phone – to – phone payments.  I would be interested to know more about how they secure this system, because even though they have a unique sound for each transaction, and a 5 minute validity, I am not sure that this necessarily protects them from “man in the middle” or “record and playback” attacks.  Along with the other technologies under exploration in the ‘late to catchup’ North American arena, such as NFC, QR Codes, Cloud Based Solutions, SMS, and various combinations of these, this ‘sounds’ like an interesting technology for the mobile payment space.

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