Integrated payment solution unveiled to support OEMs in the digital economy

SECO has revealed its comprehensive Solution for Embedded Payments, a turnkey solution created to simplify the integration of digital payment capabilities into smart machines and devices.

As consumer demand for cashless and contactless transactions continues to rise, SECO supports OEMs in integrating secure, globally certified payment technology directly into their products.

The company's integrated solution combines an HMI screen with an integrated computing module running Clea OS, and the Modular Pay Mini, a certified NFC payment terminal.

The Modular Pay Mini component is certified for payment acceptance in over 80 countries and supports major international credit card networks, including Visa, Mastercard, American Express (Amex), Discover, JCB, and UnionPay, as well as various contactless standards. Additionally, its dual functionality enables it to operate as both a standard NFC/RFID reader for closed-loop applications, such as access control or loyalty programs, and a secure payment processor.

The company also provides expert hardware integration services, seamlessly integrating the HMI and Modular Pay Mini into a sleek glass-fronted panel design for effortless incorporation into customers' final products. This design eradicates the physical integration burden for OEMs, providing a plug-and-play experience. The solution is additionally supported by the SECO Payment API, which connects customer applications with the payment host system and the Clea Framework for comprehensive device management and data monetisation.

The integration with the company's Clea Framework enables OEMs to remotely manage devices, perform OTA updates, gather telemetry data, and even create new recurring revenue streams through paywalled AI/ML applications. This transforms smart devices into sophisticated service delivery platforms, improving ROI and allowing OEMs to remain competitive in an increasingly connected and data-driven world.

By adopting SECO's integrated payment solutions, OEMs can speed up their time-to-market for new service offerings, reduce operational complexity, and improve user experiences. "These solutions provide OEMs with flexibility and scalability, giving them a competitive advantage in today's fast-paced digital economy", stated Martin Duemling, senior product manager of Payment at SECO.