Contactless Transaction definition

Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.
Contactless Transaction means the authorisation of a transaction by presenting a card (which is capable of performing a contactless transaction) at a contactless terminal without the requirement to insert or swipe the card.
Contactless Transaction means a transaction completed through a method of payment whereby sums, not exceeding an amount per transaction (as specified by the Bank from time to time on the Website) and where the number of consecutive transactions does not exceed a particular number (as specified by the Bank from time to time on the Website), may be paid by the Cardholder to a Retailer by holding the Card to the front of a POS (Point of Sale) Terminal rather than the payment being made through use of the Chip and PIN at the POS (Point of Sale) Terminal.

Examples of Contactless Transaction in a sentence

  • From time to time, for your security, you will be asked to insert your Card and enter your PIN when conducting a Contactless Transaction.

  • When using your Card for a Contactless Transaction, the Card will be detected and payment completed without entering your PIN.

  • There is a limit on the value of each Contactless Transaction set by the Scheme.

  • We shall also issue to you a Visa Debit Card with a point of sale and a Contactless Transaction facility.

  • When using your Card for a Contactless Transaction, the transaction is authorised by touching or holding the Card against or near a POS Terminal without the need to insert your Card or enter your PIN.


More Definitions of Contactless Transaction

Contactless Transaction means a transaction that is authorised by you touching or holding your Debit Card or linked device against or near a Point-of-Sale (POS) Terminal without the need to insert your Card or enter your PIN.
Contactless Transaction means a Transaction that is authorised by you touching the Card or Device against a terminal, generally without the need to insert your Card. Whether this is available or not depends on the amount of the Transaction. You may or may not have to use your PIN or Security Details. Not all terminals can process such Transactions;
Contactless Transaction means a transaction made by holding your Card-i in front of a Contactless Reader and without having to insert or swipe the Card-i.
Contactless Transaction means a Transaction processed using a Contactless Terminal.
Contactless Transaction means a Transaction that is carried out by holding your Card or your Device if it is enabled to carry out Contactless Transactions, near a terminal which is enabled to accept Contactless Transactions.
Contactless Transaction means a transaction using a contactless-enabled card for the purchase of goods and/or services using a contactless terminal.
Contactless Transaction means a transaction made by tapping or waving the VISA/MASTERCARD CARD in front of a Contactless Reader;