“Processing Technology” LLC is the main developer of the Russian e-payment technology PayCash. The PayCash system is a highly technical Russian e-commerce project.
The system provides for instant, secure and provable payment in real-time, over the internet or with the help of a cellular phone. This technology provides tools for the storage and transfer of critical data over open networks. The technology is based on patented security, storage and data sharing protocols. This technology is successfully used in the development of competing highly-technological payment services such as Yandex.Money and mobile payment system MOBI.Money.
The NFC technology, due to its high consumer qualities and compatibility with generally accepted standards for contactless technologies, provides a number of unique features for its users. The devices, with built-in NFC features, can emulate contactless cards, work as contactless card and RF tag reader/writer, or can directly interact with other devices. “Processing Technology” has been carrying out a number of scientific researches and design works, intended to develop technological and organizational solutions for the introduction of NFC technologies.
