contactless payments


Also found in: Dictionary.

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 ?
Tokyo, Japan, Oct 26, 2005 - (JCN Newswire) - The Mobile Payment Promotion Council was established on October 25 with the mission of promoting standardized mobile contactless payment systems in Japan.
At the Mobey Forum Member Meeting, participants saw demonstrations of contactless payments where the LGM Card was inserted into a range of phones, including those where the SD slots are in seemingly problematic locations, such as under the device's battery or under a protective metal outer cover.
Implementing contactless payments will also help both the Kyiv Metro and the Kyiv Municipal State Administration to optimize operating costs and to create a fare payment system integrating different modes of transport in the future.
The companies support financial institutions to launch an effective contactless payments program.
New Zealand-based bank, BNZ, has announced that it has introduced a new dual-interface chip card to allow contactless payments.
The contactless payments industry is growing rapidly, and adoption and usage of this new technology will expand more significantly over time.
The Polish market is an excellent example of a successful strategy of accelerating contactless payments development through joint investment in a fast expansion of terminal network and mass issuance of cards.
The banks embracing Visa s mobile contactless payment services point to the ease and intuitiveness of using a smartphone to make contactless payments, as well as potential of mobile contactless payments in paving the way for additional innovations in how customers use their mobile phone to manage their finances and spending.
Reluctance to adopt contactless payments is expected to make Apple's forthcoming NFC solution and Google Wallet only moderately popular in the country, the report said.
I'm delighted that more people can now enjoy the benefits of contactless payments and Oyster, which offer a more convenient way to travel.
Kerv wearers can make instant contactless payments of [pounds sterling]30 or lower with a single gesture - no card, PIN, or paired smartphone required.