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A contactless smart card is a card in which the chip communicates with the card reader through an induction technology similar to that of an RFID (at data rates of 106 to 848 kbit/s). These cards require only close proximity to an antenna to complete a transaction.
Square charges $99 for Square Stand and $59 for its chip-based Square Reader. [55] The Square app is freely downloadable from the Apple App Store and the Google Play Store. Square charges a fee of 2.6% plus $0.10 on every electronically scanned credit card transaction [ 56 ] or 3.50% plus $0.15 per manually-entered transaction.
The contactless IC is based on an 8051 processor with 3DES/AES cryptographic accelerator, making very fast transactions possible. The maximal read/write distance between card and reader is 10 centimetres (3.9 in), but the actual distance depends on the field power generated by the reader and its antenna size.
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 ...
A proximity card or prox card [1] also known as a key card or keycard is a contactless smart card which can be read without inserting it into a reader device, as required by earlier magnetic stripe cards such as credit cards and contact type smart cards. [2] The proximity cards are part of the contactless card technologies.
Calypso is an international electronic ticketing standard for microprocessor contactless smart cards, originally designed by a group of transit operators from 11 countries including Belgium, Canada, France, Germany, Italy, Latvia, México, Portugal and others. It ensures multi-sources of compatible products, and allows for interoperability ...
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