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RFID technology allows you to simply tap or wave your credit card near a card reader or ATM. Using this technology to make purchases gives you the ability to complete transactions within seconds.
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...
These cards require only close proximity to an antenna to complete a transaction. They are often used when transactions must be processed quickly or hands-free, such as on mass transit systems, where a smart card can be used without even removing it from a wallet. The standard for contactless smart card communications is ISO/IEC 14443.
FeliCa is a contactless RFID smart card system from Sony in Japan, primarily used in electronic money cards. The name stands for Felicity Card.First utilized in the Octopus card system in Hong Kong, [1] the technology is used in a variety of cards also in countries such as Singapore, Japan, Indonesia, Macau, the Philippines and the United States.
You may have already received one of the latest improvements in credit card technology -- a card with an embedded radio frequency identification (RFID) chip. These cards use radio waves to ...
[4] [11] An integrated Visa debit card with payWave wireless functionality has been used. [5] Via this technology, the user makes a payment by waving the chip in front of a credit card terminal. To use the contactless payment via VITAband which is a prepaid card , the user must first set up a VITAband Visa prepaid card.
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