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