Paying by tapping or holding a card, phone, or wearable near a payment terminal, using short-range wireless technology.
Contactless payments use near field communication, a short-range radio technology that works within a few centimetres. Contactless cards and mobile wallets such as Apple Pay and Google Pay send a one-time code for each transaction rather than the actual card number, which makes intercepted data much less useful to criminals.
For example, a commuter can tap a phone on a transit gate, or a customer at a coffee shop can pay without inserting a card or entering a PIN for small amounts. Many countries set a limit above which a PIN or device authentication is required. Merchants benefit from faster checkout and shorter queues. Many modern smartphones can also act as payment terminals, letting small businesses accept contactless payments without separate hardware, using approved apps from their payment provider.
An app or phone feature that stores payment cards, bank links, or balances so users can pay with their phone.
Near Field CommunicationA short-range wireless technology, known as NFC, that lets devices exchange data when held a few centimetres apart.
From chip-and-contactless pumps and fuel apps to EV fast chargers and connected tank gauges, here is how technology is reshaping the American gas station.
From digital inspections and text-to-pay to ADAS calibration and EV training, here is how technology is reshaping the local auto repair shop for owners and drivers.
Mobile POS, offline payments, pre-ordering and catering marketplaces are changing how food trucks sell. Here is what changes for owners and customers, what it costs and where to start.