Payment processing

This is a system for making payments where a user's mobile phone wirelessly exchanges payment information with a merchant's terminal. The system then validates funds using an electronic link to the user's bank account and transfers the money directly from the user's account to the merchant's account. Crucially, this process is designed for non-card payments, exchanging details like an amount and user ID without any credit or debit card indicators, and can use methods like scanning a code or NFC.

Why it matters: Filed very recently, so the core challenges of securing bank integrations and navigating complex financial regulations for direct account access likely remain the primary hurdles.

Status: Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build: SpecializedSecure software logic, financial integration

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