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 ?
Citibank UAE and MasterCard today launched contactless payment technology for Citi MasterCard credit cards in the UAE.
Global Banking News-November 25, 2015--BNP to go ahead with contactless payment display experiment
The United Bank for Africa (UBA) Plc has launched contactless payment cards.
We've proved that there's a demand for a contactless payment ring, and that our backers like the way we're tackling it - plus it gives us the capital we need to move forward.
According to the latest Contactless Payment Index results from eDigitalResearch, 40% of Apple device users have used Apple Pay to pay for goods or services in the past while 15% of respondents feel that the introduction of Apple Pay will increase the amount of contactless payments that they make.
More cash has been spent by contactless payment so far this year in Britain than in the whole of 2014.
com)-- FEIG Electronics, a leading global supplier of RFID readers and antennas, and PureWrist[TM] have launched new contactless payment devices that are expected to revolutionize consumer purchasing experiences.
SUPERMARKET chain Morrisons is bringing contactless payment to its main Huddersfield stores.
PRAGUE -- Logomotion, a mobile payment solution provider, today empowers banks to offer full mobile contactless payment capability through the customers' existing handsets, with the simple insertion of Logomotion's secure near field communications (NFC) micro SD memory card, unveiled today at Mobey Forum's third 2012 Member Meeting in Washington DC.
But some critics say the same technology that makes these contactless payment devices easier to use also makes them more of a target for thieves.
We can say that in the coming years, and in the GCC countries where the infrastructure is in place, anyone could potentially use contactless payment in their daily life, especially to pay for low-value items," Chaffard told Gulf News.