Small Businesses in the US spend between $50k and $1mil on PCI Compliance, with yearly audits costing upwards of $250k, in order to accept Legacy Payment Cards, at specialized Point-of-Sale (PoS) terminal hardware. Meanwhile shouldering EMV Liability for Fraud, should any of that legacy fixed card info be stolen or skimmed.

Alternatively integrated PoS services, offload EMV/PCI responsibilities for higher transaction fees, with additional fees for immediate access to paid funds.

Elsewhere in the world, BYOD “Bring Your Own Device”, payment services (e.g. AliPay/WeChatPay, TNG, UPI, eTransfer), have proliferated instant digital payments into the streets and every aspect of life, using ordinary mobile devices, and transacting from a simple Tap or QR-Scan. They also exemplify built-in entitlement-checks, frictionless opt-in promotions, and repeat business. And of course, immediate access to paid funds… i.e. just like cash, only digital & mobile.

SmartTokenization™ expands on the state-of-the-art, transacting entirely in tokenized form, using modern lower-cost instant payment rails. Without sensitive legacy payment information, there's no longer any PCI risks, nor fixed card numbers for hackers, skimmers, or CNP fraud. And tokenized payments & identity is not usable outside the intended limitations (e.g. no more than one-time-use, for the intended amount, nowhere other than the intended merchant … etc).

With the OpenToken™ PoS App, ordinary Off-the-Shelf Consumer Hardware (CoTS), whether Android or iOS, can perform instant payments, Account-to-Account directly to bank, even when the customer's device has no Cellular or WiFi access. Can be readily integrated into a vending machine, or full ordering self-checkout experience.