contactless payments

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contactless payments

A payment method that transmits the user's bank or credit card data to a terminal via a radio frequency (RF) method. The primary contactless payment technology is near field communication (NFC), which is used by payments systems such as Apple Pay and Android Pay. See contactless and contactless smart card.
References in periodicals archive ?
NEARLY one in five people aged over 50 who have a contactless card now use it as often as three times a week, according to research from Saga.
Global Banking News-September 29, 2015--Riyad Bank launches contactless card
If a contactless card is used fraudulently, consumers are fully protected against any losses and will not be left out of pocket, the association has said.
members saying they had had a problem paying with their contactless card in the past year, or had made an accidental payment.
Limited amount During the pilot project, contactless card holders will be able to purchase items totaling less than OMR10 with a simple tap of their card, but the bank's CEO said that a decision may be made to increase the designated amount in future after studying the results of the pilot project.
But if you lose a contactless card, you are protected by fraud protection and when you alert your bank they'll refund any money lost.
Cardholders of the lifestyle card launched by Gekko, a provider of 'smart solutions' for luxury communities, will now be able to use the contactless card as a payment mechanism.
Contactless card transactions require cards with a special chip that enables the transactions and point-of-sale terminals equipped to read the cards' signals.
With a web width of up to 610 mm, the TAL 20000 fits to the standard formats of the card industry to introduce flip chip inlays into the contactless card market.
The 62-year-old businessman said anyone can pick up a contactless card or keychain and immediately begin charging.
Today, Ingenico Group, the global leader in seamless payment, announces the successful launch of contactless card payments in 17 Kiev metro central stations, combining Ingenico Group iUC180B smart terminal with Oschadbank s acquiring services, in partnership with MasterCard.
Global Banking News-August 17, 2015--Axis Bank introduces multi-currency contactless card