Is contactless payment better?

Is contactless payment better?

Contactless payment

Contactless payments can be made with a card or mobile wallet on an electronic device, and offer the same level of security as that offered by EMV chip cards, so called by Europay, and Visa, the originator of the standard.

Contactless transactions among Nubank’s customers have increased as a result of the pandemic. Since March, the company has recorded more than 25 million contactless transactions in Brazil, most of them in supermarkets, restaurants and transport.

Nubank offers contactless payments through its credit card in Brazil and Mexico, where it has been operating since 2019. More recently, in Brazil, with the implementation of the Pix system by the central bank, Nubank customers now have the alternative of scanning QR codes to make payments.

As contactless payments become more prolific, markets with higher contactless penetration could see fewer prompts at payment terminals and faster transaction times, Pimenta says.

Contactless

Swiping your card or paying with cash? That’s a thing of the past! Although contactless payment with credit card surprised us a while ago, this was the beginning of other and better ways to pay that you will surely love. Cards make all your purchases and transactions easier, faster and safer.

It is a faster, safer and more flexible way to pay in physical stores thanks to NFC (Near Field Communication) technology. That is, short-range wireless technology that allows instantaneous data transmission between devices.

If paying with your contactless credit card sounds interesting to you, you will be delighted to know that it is now possible to do so from your smartphone or smartwatch. Banco Industrial offers you innovative options for shopping: Bi Pay to pay and make purchases from your phone or Garmin and Fitbit to do it from your smartwatch.

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Now that you know the benefits of contactless payment technology, don’t hesitate to use it and make your shopping an easy, fast and secure process. And why not consider all the options that Banco Industrial can offer you?

Bancolombia contactless payment

Contactless payments use short-range wireless technology to securely make payments between an enabled card or device and a terminal enabled to process contactless payments. A contactless card has an EMV chip and an integrated antenna for proximity payments. When the cardholder brings his card close to an enabled terminal (near the Contactless Payments symbol), the payment is sent for authorization.

No, it is not necessary to physically touch the terminal with the card. However, you do need to be in close proximity (within 1 to 2 inches, approximately 4 cm) of the Contactless Payments symbol.

Once you are prompted to pay (whether by the cashier, by a light on the enabled terminal, or otherwise), simply bring your card close to the terminal where you see the Contactless Payments symbol.

Yes, Contactless Payments are accepted at an enabled terminal that displays the Contactless Payments symbol. If you do not see the Contactless Payments symbol on the terminal, you can still use your card by inserting it into an EMV payment terminal, or you can swipe it at a magnetic stripe terminal to pay.

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Contactless payments use short-range wireless technology to securely make payments between an enabled card or device and a terminal enabled to process contactless payments. A contactless card has an EMV chip and an integrated antenna for proximity payments. When the cardholder brings his card close to an enabled terminal (near the Contactless Payment Symbol), the payment is sent for authorization.

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No. It is not necessary to physically touch the terminal with the card. However, you do need to be in close proximity (within 1 to 2 inches, approximately 4 cm.) of the Contactless Payment Symbol.

Once you are prompted to pay (whether by the cashier, by a light on the enabled terminal, or otherwise), simply bring your card close to the terminal where you see the Contactless Payment Symbol.

Yes, contactless payments are accepted at an enabled terminal that displays the Contactless Payments Symbol. If you do not see the Contactless Payment Symbol on the terminal, you can still use your card by inserting it into an EMV payment terminal, or you can swipe it at a magnetic stripe terminal to pay.

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