The Orange telephone operator has launched a mobile payment proposal to its customers, through the free application Orange cash, with which by associating your debit, credit or prepaid card, you can cancel your purchases from your smartphone, 100% securely in more than 530 thousand shops in Spain, that accept Visa without contact and 2.4 million throughout Europe, in addition to the online stores.
The application is the product of an alliance between Orange, Visa Europe and Wirecard Group, which has been shielded to ensure the security of data and transactions made by users.
For the Mobile Executive Director, Visa Europe, Jeremy Nichols, ?agreements like this are essential to jointly support the development of mobile payments in this country. Our collaboration allows consumers to enjoy all the benefits of Orange's experience and Visa technology in a reliable and secure local environment, which is the hallmark of Visa payments. ?
French sources have also revealed that the first to use the application will receive a gift of 16 as for the promotion and testing of Orange Cash. Specifically, it will be 10 balance for the first recharge of 20 or more that will be added to the refund of 2 in the first three purchases that exceed 15.
Some basic requirements to use Orange Cash
According to the operator's spokesperson, a compatible NFC smartphone and an NFC SIM, available in Orange stores, are required to use Orange Cash.
?You only need to bring the terminal close to the contactless POS and enter your PIN to complete the transaction, without having to take out your bank card or take additional actions. It is, therefore, a means of mobile payment in which the SIM card of the mobile phone acts as the chip of any bank card. Since the user does not deliver his mobile phone at any time to make the payment (he only has to approach the terminal to the contactless POS), the risk of copying card data is eliminated ?.
As an additional security measure, in the case of online purchases, the application creates a virtual card with a useful life of 24 hours, which allows the customer to make their payments online without entering the data of their debit card or credit Once expired those 24 hours the card is canceled.
The launch of Orange cash, it means for the Director of Payments and Mobile Banking in Orange Spain, Javier Ramrez, ?a decisive commitment in a business line that we hope to continue developing in the future, with more and better solutions that take advantage of all the security and utility advantages that it offers the mobile for financial services ?.
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