What is a contactless card?
A contactless card uses tap-to-pay technology that allows for close-range, contactless transactions at checkout. The card still has a magnetic strip and chip for traditional purchasing methods if contactless payment terminals aren't available at a particular merchant.
How do contactless transactions work?
To conduct a contactless, tap-to-pay transaction, tap or hold your card 2 inches or less from the Contactless Symbol
on the terminal, and encrypted card information will be transferred between the card and the reader. Some merchants may ask you to sign for the purchase. Your purchase should be completed in seconds.
Where can I use my contactless card?
You can use your contactless card anywhere the contactless symbol
is displayed (e.g. Costco, Walgreens, McDonald’s). Look for the Contactless Symbol
on your card and the chip reader. If contactless payment isn’t available, you can still swipe or insert your card into the chip reader to make your purchase.
What terms are used to describe contactless purchasing?
You might also see contactless purchasing described as: Wave and Go, Tap-to-Pay, Tap and Go, and Swipe Free Shopping.
Are contactless cards as safe as chip cards?
Today’s contactless cards with chip technology use a secure microprocessor that generates a unique cryptographic code that changes for every transaction, just like chip cards. The contactless technology cannot be read much more than 2 inches away, so it's unlikely card information can be unknowingly captured from your card when using the contactless terminal. Just make sure you have only one contactless card near the terminal.
What are the benefits of using a contactless card?
- Convenience—Contactless cards are becoming more and more popular with the ease and speed they provide with the cardholder’s experience at checkout. With that popularity, more merchants across the US are equipping their payment systems with contactless technology.
- Protection—Contactless payment transactions use the encrypted chip technology and safeguards that are already on the card. In addition, it reduces any physical contact the cardholder may have with the card terminal and prevents the merchant from physically handing your card.
Does it cost extra to pay using tap-to-pay technology?
There's no additional fee associated with contactless purchasing.