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 ?
Caroline added, Visa is committed to driving contactless payments in Hong Kong.
UATP has partnered with contactless payment specialist, Paymagnet, to supply member airlines with the capability to accept contactless card payments directly within an airline's mobile app on any NFC-enabled smartphone, the company said.
1bn worth of contactless payments were made in July, the Association said.
Contactless payments are also entering the country's transport sector.
Contactless payments are secured cashless imbursement through various systems/payment instruments.
McKechnie added ,"The Ahlibank Contactless Credit Card works with an embedded antenna in the card when paying for low value purchases of QR100 or less through Near Field Communication (NFC)-enabled POS (Point of Sale devices) to make contactless payments in Qatar and overseas.
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
Cardholders cited the convenience of cashless transactions, security and ease of use among the many reasons for using contactless payments.
According to the latest Contactless Payment Index results from eDigitalResearch, 51 percent of Apple Pay users are extremely satisfied, compared to 32 percent of contactless card users who said the same.
More cash has been spent by contactless payment so far this year in Britain than in the whole of 2014.
Filipinos also show strong preference (78 percent) for shops that accept contactless payments over ones that do not, showing appetite to incorporate contactless payments into everyday life.