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Visa Contactless Transactions

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Web www.software-risk.co.uk

Visa is testing contactless payments, using radio-frequency technology to remove the need for swiping.

The test is being carried out in a number of Atlanta restaurants.

Visa Contactless is a new feature on Visa cards that uses radio-frequency technology to enable customers to make a purchase by simply holding their Contactless card near a secure reader at checkout instead of swiping it.

Customers retain their card during the transaction process. An embedded chip in the card contains payment information. The information can be processed rapidly and securely over a short distance at the point of sale terminal.

Payments of less than $25 do not need a signature either.

Visa claims that the transaction process is 25% quicker than cash transactions.

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