Emmanuel Ruiz, CEO of CopSonic

Emmanuel Ruiz, CEO of CopSonic

Natixis Payment Solutions has teamed up with French start-up CopSonic to create SwipeSonic, an ultrasound payment solution for online shopping transactions.

CopSonic’s technology uses ultrasound to encrypt information within music and voice, or transmit data “entirely inaudibly to the human ear”.

Emmanuel Ruiz, CEO of CopSonic, says: “Sound is the easiest and most effective technology for near field communication. Unlike the QR code, the user does not have to point the device, and unlike Bluetooth, no pairing is required and all telephones worldwide are compatible.”

Consumers’ smartphones connect directly with either a PC or tablet. After selecting the bank card payment option during the online purchase, the shopper opens the bank’s mobile app via his or her smartphone and sees the details of the transaction displayed on the handset.

The consumer then confirms the purchase using personal identification code and receives confirmation from the online store that payment has successfully been made.

Natixis says there is no need to divulge or fill in bank card details The customer does not need to look for his or her credit card, or copy the 16-figure number, the expiry date and the three-figure security code on the back of the card, nor wait for confirmation via text message and copy the password onto the 3DSecure authentication server site.

Ruiz says that France’s second largest bank, Groupe BPCE, has expressed an interest in its technology.

Natixis Payment Solutions is a subsidiary of Natixis, the international corporate, investment, insurance and financial services arm of Groupe BPC.

Natixis Payment Solutions processes and manages commercial transfers and cash flows for the Banque Populaire and Caisse d’Epargne networks, as well as around sixty banks and financial institutions.