What is contactless payment?
2020-04-14 20:16:17
M&W SmartCard
26
Contactless payment is a change to the way debit or credit payment is handled when making a purchase. Contactless payment transactions require little to no physical connection between the card or an NFC-enabled mobile device and the checkout device. Instead of “swiping” or “inserting” a card, the contactless card, fob or NFC-enabled mobile device is tapped on or held within an inch of a machine that reads the card, with the payment information is sent to the merchant wirelessly.