Contactless Payments

Contactless payments allow a customer to tap a card or device to a reader for a quick transaction. They use short-range communication like NFC to transmit payment data.

Most contactless cards and mobile wallets use NFC technology. Contactless limits may apply for transactions without additional authentication.

Related Terms

NFC Payments

NFC payments use near-field communication to enable short-range, contactless transactions. They are ...

EMV

Europay, Mastercard, and Visa

EMV is the global standard for chip-based payment cards and terminals. It uses dynamic cryptographic...

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

Card-on-File

Card-on-file refers to storing a customer's card details with a merchant or payment provider for fut...

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