e-Pay is a complete solution from 21CTL that enables secure and fast mobile payments through a "Smart Beacon" device. The device acts as a gateway or bridge between the consumer, the mobile application, the PoS (point of Sale) and the Bank network.

It enables CNP (Card Not Present) transactions in the Retail environment and enables Banks and Retailers to create their own private mobile payment network, totally independent of card networks and Smartphone manufacturers. They can now easily implement their own Mobile Wallets and Collect User Payment data.

The solution is more secure than traditional networks, as there is no payment card data exchanged at the PoS as with traditional terminals (Ingenico, Verifone, etc.). However, the system can co-exist with traditional card networks, enable A2A (Account to Account) and can offer a secure mobile payment service to the un-banked and under-banked population.

e-Pay Smart Beacon

Smart Beacons enable "Mobile Wallets" with several unique benefits:

  • Low or zero interchange rate fees
  • Can bypass PSP (Payment Processors and card networks) fees
  • Can work with card networks (Tokenization)
  • Multiple customer presence verification methods in one unit (QR Code, NFC, Wi-Fi, Bluetooth, LE)
  • Open PoS interface through standard USB connection
  • Can work with unattended vending machines
  • Hardware up to 50% cheaper than traditional payment terminals
  • Smartphone agnostic - works on all mobile platforms (iOS, Android, Windows)

e-Pay - Benefits to Banks and Retailers

e-Pay for Banks

  • New transaction revenue stream at the PoS
  • End-to-end control of the payment transactions
  • Supports P2P and A2A payments
  • Can work with or without VISA or Mastercard networks
  • Lower merchant fees - means new merchant accounts
  • Coupons, discounts, loyalty plans for Bank customers
  • Multiple connections via a single investment

e-Pay for Retailers

  • Lower merchant fees
  • Proximity Marketing
  • Faster check-out (compared to EMV chip and PIN)
  • Higher transaction amounts than NFC payments
  • Secure payments (via Cloud-based transactions)
  • Agnostic solution to both cards and mobile Apps
  • Free from Apple/Google fees/customer data ownership

e-Pay - Summary of Benefits

  • Phone make and model agnostic (all Smartphones supported)
  • Low to Middle to High tier handsets all supported
  • Can work with or without card networks
  • Can use NFC, BLE or QR Code
  • No transaction fees
  • Highly secure via the 21CTL Cloud to the Bank's network
  • No payment processor required (as with traditional terminal)
  • User purchase data owned by the Bank or the Retailer
  • Customisable solution (Mobile Wallet, beacon terminal)
  • Low deployment cost