Paybyx

Paybyx Paybyx is a way of making unique and secure payments for all the day to day mini and micro spending. All individual payments are stored in the local device.

Paybyx is a contactless multipurpose smartcard mainly used to make payments offline. It performs a payment processing system by providing a prepaid account to consumers through individual consumer cards. For example, a consumer could make a prepaid payment of $50 and then use it for his regular expenses like transport, cafeteria and other shopping’s. From these information’s, it finds out what typ

e of shopper you are. Such information’s will be provided to the market and in return we could provide some discounts and offers to the consumer’s. Paybyx account can also be used through other electronic gadgets which supports the NFC technology. Paybyx has multiple numbers of sub accounts and funds deposited for one specific type of products can be spend only to one specified type. For example, if a sum of $500 is deposited for fuel category, it could be spend only in the petrol stations. Similarly it works for different other categories. Apart from the fixed type of different categories, Paybyx also allow the merchants to create some sub accounts in the card with the consumer’s permission. This is to get further discounts from that particular merchant. Paybyx also provides some memory to save some temporary values. These values could be used to make sure about the consumers usage and his charges. For example, a man enters a car parking by tapping his card. A temporary value of the IN time and date could be saved in the card. Which taking his car OUT, the device fetches the IN time and calculates the time and charge based on the period used.

02/06/2014

Reserve Bank of India : Vision 2015
To proactively encourage electronic payment systems in India to ensure the payments made are safe, efficient, authorized, accessible and lot more positives.

To proactively encourage electronic payment systems for ushering in a less-cash society in India and to ensure payment and settlement systems in the country are safe, efficient, interoperable, authorised, accessible, inclusive and compliant with international standards.

World No To***co Day !! Say no to to***co for ever... Or at least budget your spending to avoid your such unwanted habit...
31/05/2014

World No To***co Day !! Say no to to***co for ever... Or at least budget your spending to avoid your such unwanted habits.

Are you ready for a display paybyx card ?
30/05/2014

Are you ready for a display paybyx card ?

Sometimes it's hard to tell the balance of one's account. Standing orders, transfers, non-cash transactions and here we are, standing in the line, not sure h...

Tamilnadu State Government looking forward to introduce smart cards in MTC buses.
30/05/2014

Tamilnadu State Government looking forward to introduce smart cards in MTC buses.

State government proposes to introduce renewable smart cards in Metropolitan Transport Corporation buses.

India getting smarter everywhere. We appreciate all the innovative ideas. Hopefully we could make it more practical and ...
30/05/2014

India getting smarter everywhere. We appreciate all the innovative ideas. Hopefully we could make it more practical and easily reachable to everyone.

Video courtesy : City on Wheelz Ad.

SHARE N SUBSCRIBE

28/05/2014

Registered our first office. Room no: 114, Rajpriya G Avenue, Near to psg arts and science clg, Coimbatore.

Are you using a smart phone with NFC Facility ? If you are not sure, here is a list of NFC phones.
28/05/2014

Are you using a smart phone with NFC Facility ? If you are not sure, here is a list of NFC phones.

NFC World's comprehensive and up-to-date list of all NFC phones and other devices that are available around the world.

Address

114, Rajpriya G Avenue, Near PSG Arts And Science College
Coimbatore
641014

Website

Alerts

Be the first to know and let us send you an email when Paybyx posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share