Contactless Payment
Tap-and-go method leveraging RFID/NFC technology for quick transactions.
Detailed Description
Contactless Payment
What technologies enable contactless payments?
Contactless payments typically use Near Field Communication (NFC) or Radio Frequency Identification (RFID) technology.
What are the primary benefits of using contactless payments?
The main benefits include speed, convenience, improved hygiene, and better budgeting through transaction tracking.
What types of devices can be used for contactless payments?
Devices include contactless credit and debit cards, mobile wallets like Apple Pay and Google Pay, and wearable devices such as smartwatches.
What security features protect contactless payments?
Security features include encryption, tokenization, and fraud detection systems to monitor unusual activity.
What are some common use cases for contactless payments?
Common use cases include retail purchases, restaurant tab settlements, public transportation fare collection, and vending machines.