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1). New Wave of Contactless Payments Speeds Up Profits By : Lynn Walford
Contactless payments create a whole new field of payment options for merchants. Contactless payments are quick, simple and pave the way for greater profits. A smart computer chip, with data and an antenna is embedded into a credit card, debit card or fob. When the card or fob is tapped on a radio frequency reader, the reader sends out a radio signal that activates the card, the information on the card is read and the payment is processed without a signature for purchases less than $25.
Article Related to: ontactless payments, tap n go, rfid, radio frequency, credit cards, how-to
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