It increases the safety of card transactions and makes transactions more conveniently and modernly than cash payment. Contactless technology is launched on the basis of EMV technology, it makes transactions faster, more simple and secure for customers and opens up a new opportunity to promote the transition of payment habits from cash to electronic payments. But what are contactless payments and how do they work? ApplePay, Google Pay and Android Pay are also available for contactless payments from your mobile phone or smartwatch.
Choosing to accept contactless payment is easy. You can get setup by simply contacting your merchant bank and letting them know you want to accept contactless payments. Contactless payment is not an option for purchases with Cash Out transactions, or in Offline Mode. Contactless transactions typically use NFC near field communication.
It works like this:. Payment technology is developing at a rapid pace and contactless NFC is just one approach being developed and used around the world. Smartpay is always keeping an eye on these trends when developing our own technology. Institutional banking at ANZ.
Contact our relationship managers Economics and market research Business insights Rates, fees and agreements. How to bank with ANZ. Help and support Financial hardship assistance Rates, fees and agreements. Get set up with a mobile wallet option. How to get contactless. How to use contactless. Have you tried contactless payments? Forget swiping or inserting your credit card. Tapping to pay is the new fast, easy, and secure way to check out at your favorite retailers and restaurants.
Have questions? We have answers. Contactless payments are easy, convenient, and quick. Plus, it has all the security of a chip, and the card never has to leave your hand — or sight.
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