Isracard phone is an app that helps you manage your expense account. It provides you with valuable insights and tips that will help you keep control of your expenses.
Bank Hapoalim’s (TASE:POLI) unit Isracard Ltd will upgrade the points-of-sale devices at its customers’ stores and supermarkets to allow cell phone payments using NFC technology.
1. Easy to use
Isracard is the only app that lets you pay for everything from your phone, so it’s easier and more convenient to use than ever before. Besides being easy to use, it gives you valuable insights to help you manage your expenses more efficiently.
The app is available at all the Isracard offices, and you can also request one from your board or a representative of the condominium. Once you have a Isracard phone, you’ll be able to pay for public transportation, buy food or goods at supermarkets and restaurants, and more.
Moreover, the Isracard app allows you to report your card lost or stolen in a few seconds, so you can block it and prevent further misuse. It also lets you update your personal information quickly, such as if you switch to a different phone number or move to another house.
Isracard is a credit card company with headquarters in Tel Aviv, Israel. The company provides payment cards, prepaid credit, and financing services. The Isracard app is free to download and can be used on iOS and Android devices. It also helps you manage your finances more conveniently and saves time by eliminating the need for cash. It’s easy to use and convenient, making it a good choice for busy people. The app is also secure and easy to use.
2. Safe
Isracard phone uses near field communication (NFC) technology that transmits encrypted credit card data over a secure link to the Point-of-Sale terminal. This eliminates the need for a separate point-of-sale device, allowing customers to use their mobile devices as a credit card. The app also provides a simple and convenient experience for consumers to shop and pay from anywhere in the world.
During the pilot stage, Bank Hapoalim and LifeStyle (Super-Pharm’s loyalty club) customers will be able to participate in the mobile payments service by receiving either a chipped sticker that attaches to their cell phones or a chipped credit card that can be swiped at the point of sale. The payment process is similar to the one used at a Mastercard contactless card reader.
In addition, the security of Isracard phone is enhanced through the 3D SecureTM technology, which requires the customer to verify their identity by entering a personal secret code that is generated by their bank. This ensures the identity of the cardholder and prevents fraudulent transactions.
Working closely with Isracard to design and develop the app, we incorporated a clear information architecture that enables the user to find everything they need in one place. We also consolidated the most important actions into a dedicated tab, and redesigned the interface to be visually appealing, easy-to-use and user friendly.
3. Convenient
As a payment processor, Isracard has a unique insight into the customer journey. They are able to collect information from the consumer and use it to enhance their shopping experience. This is why they are focusing on building relationships with startups, accelerator groups and customer clubs.
They are also using their knowledge to build smarter products for customers. For example, Isracard is working with a company called Topcash which offers a mobile application for condominiums to enable residents to pay through their credit cards in a more convenient and secure way.
In addition, the company is launching a pilot to upgrade points-of-sale at stores and supermarkets in Israel by allowing customers to make payments with their cell phones. This will involve giving tens of thousands of customers either a wireless credit card or an NFC sticker that they can attach to their phone, which will be recognized by the point-of-sale as if it were a Mastercard contactless payment card.
The Isracard app has over 100,000 downloads, making it a good source of data for this analysis. However, the company has other apps with significant numbers of downloads such as American Express and Garmin Pay, which can have an impact on the overall result. Therefore, we recommend that the data be split into two segments for a more accurate evaluation.
4. Flexible
Isracard is working with Temenos to build an agile, future-proof core banking system that will allow the company to meet changing customer needs and rapidly respond to structural regulatory changes. It will also enable Isracard to lower its barriers to entry by allowing nontraditional financial services players to offer banking services.
Using a chip that is inserted into the phone, or a wireless sticker that can be attached to a mobile device, the service will enable Isracard customers to make payments by cell phone using Mastercard’s contactless technology. The customer will simply need to place the card or sticker (or their cell phone) next to the Point-of-Sale device to complete a transaction.
To ensure that the solution is easy to use, the team consulted with real users and conducted extensive user testing, in addition to studying Isracard’s existing processes. This allowed a holistic understanding of the process and how it can be improved and shortened, with the primary focus being clarity.
The Isracard team is working with the mobile application providers to enable new features, such as enabling payments from a business website through Bit, Isracard’s payment gateway solution. This will increase the number of ways a customer can pay, and it will provide an additional source of revenue for the merchant. Moreover, it will help the merchant to improve their reputation and increase the number of potential clients. ישראכרט טלפון