What are the advantages of contactless payment?

What are the advantages of contactless payment?

Contactless payment bcp

Bogota, September 2018. For Banco de Bogotá it is very important to present its customers with new technologies that allow them to facilitate their daily life with their Credit Cards, therefore it presents Contactless Payment.

Banco de Bogotá is one of the pioneers in implementing and promoting the use of this technology in its Credit and Debit Cards, which has been revolutionizing the experience of customers worldwide in the way they make purchases in different stores.

One of the Bank’s greatest challenges is to improve the customer’s shopping experience. “From now on, our credit card customers will enjoy the benefits of contactless payments, which makes shopping easier and safer. We want to increase confidence and encourage our customers to make any type of purchase through Contactless Payments; payments will be more agile since no voucher signature is required in some cases”, said Julio Ortiz, Product Manager of Banco de Bogotá.

NFC and contactless payments

For retailers it means more revenue, thanks to faster payment, greater security due to less cash handling and a better customer experience due to less queuing.

Since the first pilot tests and first launches in 2007, Thales has provided its contactless technology expertise to more than 600 financial institutions in over 100 countries around the world.

Our proven expertise enables us to support banks at all stages of the implementation of their project, from the decision to initiate deployment to commercial launch. We will support you in defining the best strategy, setting up the right ecosystem, ensuring education and training of merchants and initiating communication.

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Complete information about contactless cardsWith a contactless card, you can pay by simply placing it next to the reader or waving it over it, without having to insert it. Most cell phones also include contactless payment technology, so you don’t have to dig for your card in your wallet.

Contactless payments are a form of payment that does not require cash or the insertion of a card. When you want to make a payment, simply place your cell phone or contactless card next to a compatible reader. The terminal will automatically connect to your bank account and the purchase will be processed within seconds.

A contactless card is a debit or credit card that incorporates contactless payment technology. Although you do not normally have to insert the card into the reader, you may be asked to enter your PIN from time to time, for security reasons or to confirm transactions over a certain amount.

In addition, most card issuers require processing a traditional chip-and-PIN transaction before activating contactless payment technology.Ensuring contactless securityThere is a risk that your contactless card could fall into the wrong hands, so banks set a limit for contactless payments, around $50. This prevents high-value fraudulent transactions if your card is lost or stolen.

How to activate nfc at bbva

Advantages of contactless collectionsLearn all the benefits of charging with contactless cards. Today in Argentina you can do it with your Point Mini, Point Plus or Point Smart. Don’t miss out!MERCADO PAGOPOINTWhat is contactless technology or NFC?

The “contactless” or NFC (Near Field Communication) technology is a much faster, easier and safer way of charging without the need to insert, swipe or rest the card on a reader or payment terminal. More and more cards in Argentina have this technology. Where and how can I charge with this technology?

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