Contactless debit cards make checking out at your favorite restaurants and stores quick and easy. The tap-and-go process usually takes less than a second, which is quicker than inserting a chip card—and way faster than using cash. Contactless cards are just as secure as a chip card, and eliminate the need to come into contact with high-touch surfaces.
What is contactless payment?
A contactless payment is a payment that does not require physical contact between your debit card and the point-of-sale (POS) terminal.
What are the benefits of contactless payments?
It’s easy - Simply tap your card on the checkout terminal to make a purchase.
It’s fast - Your card is read in seconds, so there’s less waiting to remove your card from a chip terminal.
It’s secure - Enjoy the same security as chip cards used at chipenabled terminals because each contactless transaction uses a onetime security code to protect your payment information.
What is the difference between contactless cards and mobile wallet?
Both contactless cards and mobile wallets (such as Apple Pay and Android Pay) use Near Field Communication (NFC), but with mobile wallets, you pay with your mobile device and with a contactless card, you use the physical card to tap and pay without having to insert your chip or slide your card.
How secure are contactless cards?
Contactless cards are safe, highly secured with encryption and have the same protection as EMV chip card payment. The data is not in the clear as it once was with a magnetic stripe only card, so EMV cards are less vulnerable to counterfeit fraud than magnetic stripe cards. Transactions are also cryptographically secure and generate a unique code for each transaction. Therefore, issuers can automatically detect and reject any attempt to use the same transaction information more than once.
Can contactless cards be used internationally?
Yes, you can use your contactless Visa card where Visa is accepted by tapping it at a contactlessenabled checkout terminal wherever you see the contactless symbol, or by inserting the card into an EMV chip terminal, or by swiping the card in a magnetic stripe terminal.