Let Your Customers Check Out Touch-FreeMay112020
Touchless or Contactless payments are a progressive method of collecting payment at your place of business.
This new technology is gaining popularity due to:
- Speed of Service
- Customer Satisfaction
What are Touchless/Contactless Payments?
Touchless/Contactless payments don’t require physical contact between the buyer and the POS (point of sale), are PCI compliant, and more secure than magnetic-stripe cards.
Contactless payment systems can be 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, e.g. Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or any bank mobile application that supports contactless) for making secure payments.
The embedded integrated circuit chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity. (resource: wikipedia)
Types of Touchless/Contactless Payment Applications Include:
- Apple Pay
- Android Pay
- Samsung Pay
Touchless/Contactless payments use NFC (near-field communication) and generate a unique cryptogram for each transaction that is sent. Your business will need an NFC-enabled reader to facilitate those transactions.
Reasons to Offer Touchless/Contactless Payments
- Consumers want it.
- They’re faster and safer.
- Secure transactions and fewer fraud losses.
- They’re easy to offer.
Learn how you can implement Touchless/Contactless payments into your business or upgrade your existing equipment by sending a direct inquiry to us using the Hostingct.com ‘Contact Us’ webpage.
If your small business isn’t already set up to accept credit card payments, check out our merchant account overview.Return