Isracard, a subsidiary of The Isracard Group, has announced that Israeli customers will soon be able to use Apple Pay. The company will upgrade its points of sale to allow customers to make payments using a wireless credit card or sticker on their cell phone.
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Features
Isracard Ltd provides digital payments and financing solutions. The Company issues and settles credit cards, debit cards, and business cards; and offers nonbank loans on no collateral security. Isracard serves customers worldwide.
The Isracard cell phone will allow its users to make credit card purchases through the contactless NFC technology in their phones. The chip in the Isracard cell phone will transmit secure and encrypted credit card information to point of sale devices, which will then clear the purchase. The pilot program will be launched with Bank Hapoalim and Lifestyle (Super-Pharm’s loyalty club) customers who will receive a sticker on their phones, or a credit card with an embedded chip.
Isracard charges users of its services fixed annual fees and commissions on transactions. These metrics are directly comparable with other companies in the mobile payment industry. Isracard also generates revenues from the leasing of its equipment. Isracard’s revenue from these services is expected to increase over time.
Apps
Isracard Ltd. provides credit payment services. The Company issues branded credit cards, and offers banking products. Isracard serves business owners, bank branches, and merchants. The company was founded in 1975 and is headquartered in Tel Aviv, Israel.
In a pilot, Isracard will offer customers a technologically advanced wireless credit card or a sticker that attaches to the cell phone and allows them to make payments by placing the card or sticker next to the point of sale (POS) device. During the pilot, the service will be available at Super-Pharm stores and Aroma cafes across Israel.
Isracard’s mobile apps are available on Android and Apple devices. The company’s mobile apps are used by its credit card holders to manage their Isracard accounts, including reporting lost or stolen cards, changing personal details, and increasing their facility. The mobile app is also the fastest way to report an unauthorised transaction. Using the Isracard app, customers can check their account balances and history, as well as pay bills online. The mobile app also enables them to use their cards at participating merchants in Israel and abroad. Isracard’s Android apps have a combined total of over 100’000 downloads, while the company’s Apple apps have significantly less downloads.
Payments
Isracard customers will soon be able to make payments through the phone, by placing it near the point of sale device. The company is launching a pilot of the service in Super-Pharm stores and Aroma cafes across Israel. The service will allow Bank Hapoalim and Lifestyle (Super-Pharm’s loyalty club) cardholders to use a wireless credit card or sticker that attaches to the phone, or even just their cell phones, to upgrade the payment process at businesses.
The Isracard chip enables the mobile phone to be scanned as a credit card at points of sale, with the same security features as a regular credit card. The chip is encrypted, making it impossible for thieves to read the data. The service is slated to be available for all Isracard cards by the end of 2016.
Isracard is an Israeli company that offers a variety of financial services, including credit card issuing, acquiring services for merchants and loans. The company is listed on the Tel Aviv Stock Exchange and provides services for various branded debit cards, including MasterCard, Isracard, Visa-Cal and American Express. Isracard also invests in employee wellbeing and ranks high in BDI’s annual ranking of the best places to work in Israel. The company is based in Bnei Brak, Israel.
Security
The Isracard phone has a chip in it that can be scanned at Points of Sale like a credit card. It also has an antenna that transmits secure, encrypted information. This is similar to technology used by contactless cards, but it’s much faster. Isracard is working with several retailers to allow customers to make payments using this system.
Isracard is Israel’s largest credit card company, operating in the financial services industry. The company offers various branded credit cards, as well as credit solutions and payment products. The company was founded in 1975 and is based in Tel Aviv, Israel.
Isracard’s Android app has over 100’000 downloads and an average rating of 4. The app is intended for Isracard card holders. Our mobile phone application data correlates to certain company financials and given its high (daily) measurement frequency, it can be used to regularly update and predict estimates for these metrics. Discover the key decision-makers at Isracard with our chrome extension. Find verified contact details and uncover the full story in under 30 seconds. Trusted by 500K+ users worldwide. ישראכרט טלפון