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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