Overview#

Contactless Payments are Payment transactions that require no physical contact between the consumer payment device and the physical POS Terminal.

In a contactless payment transaction, the consumer holds the Contactless Card, device or mobile phone in relatively close proximity (for NFC less than 2-4 inches) to the Merchant POS Terminal and the payment account information is communicated wirelessly via Radio Frequency RF.

Also known as:#

  • Contactless
  • Contactless transaction

More Information#

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« This page (revision-1) was last changed on 04-Mar-2015 11:48 by jim